See Why Stockbroking Houses in Nigeria Lost Thier Operating Licences

Some stockbrokers and other capital market operators lost their licence to operate in the nation's market.

 

This lost was as a result of their inability to comply with the new minimum capital market requirement stipulated by the Securities and Exchange Commission (SEC).

 

On Tuesday September 29th, the Commission published the list of capital market operators who had complied.

 

The following day, the commission advised investors to check the list to ascertain whether their preferred capital market operator is among those that met the requirements. By so doing, the Commission is transferring the responsibility of discovering non-compliant operators to individual investors.