SEC Begins Close Monitoring, Supervision of Capital Market Operators via thisdaylive
The Nigerian Securities and Exchange Commission building is pictured in Abuja, Nigeria January 23, 2018. REUTERS/Afolabi SotundeThe Securities and Exchange Commission has begun a close monitoring and supervision of capital market operators in a bid to ensure that investors’ interests are not violated, misused or mismanaged in any form.
The initiative, she stated, is not only to help investors lay their complaints through the right channel but also assist the regulator in addressing issues in the shortest time possible. Uduk said as a step further, the SEC also now closely monitors and supervises the capital market operators so that the investment of investors are not violated, misused or mismanaged in any way.
“In the past, people subscribe for shares and bond in many different names. Some as many as five, six different names and because of that they are not able to get the benefit of investing in the Capital Market. For instance if you have a bank account, a bank account recognises only one name with only one BVN and therefore.
Uduk disclosed that many investors have taken advantage of the window leading to the regularisation of 3.4 billion so far, urging investors to take relevant steps to regularise their multiple accounts. According to Uduk, all these steps are geared towards protecting investors in the market and making the Capital Market more attractive to would be investors.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Partial closure of Lagos – Ibadan expressway begins Monday – Daily TrustMotorists plying the Lagos – Ibadan expressway are in for a more chaotic traffic movement due to the rehabilitation work on the Berger-Ogun River section of the expressway.
Read more »
NNPC begins repair of damaged oil pipeline in DeltaThe Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, says the corporation has begun repair of its damaged Abura Crude Trunk line.
Read more »
Akwa Ibom Assembly begins investigative hearing into assault on artisan - Premium Times NigeriaGodwin Abraham was flogged in April at the secretariat of the Abak local government area by two men who accused him of taking to Facebook to insult the chairman of the local government council
Read more »
Lagos-Ibadan expressway shutdown begins tomorrow | The Guardian Nigeria News - Nigeria and World NewsFor the third time in 11 months, the Lagos-Ibadan Expressway will from tomorrow, September 2 be shut-down partially for four months, to enable the contractor, Julius Berger Plc.
Read more »
New rice floods Katsina markets, as farmers begin harvest – Daily TrustRice has, for over a week now, become a dominant produce at Katsina local markets as farmers begin massive harvest of the produce, a development that has resulted in low market price and low turnout of buyers. It was on record that because of low price of maize last season and high cost of fertilizer, …
Read more »