The Securities and Exchange Commission (SEC) plans to pursue aggressively all market operators who participate in ethically dubious conducts.
SEC revalidated its dedication to enabling proper qualified operators enter the Nigerian capital market which aims to protect investors financially.
Dr. Emomotimi Agama from SEC stated in his Abuja interview over the weekend: “As part of self-regulation they should understand in advance that improper conduct will lead to SEC public disclosure of your lack of character because the foundational ethics of market operator regulation and registration depend on the fit and proper person’s assessment.”
A fit and proper person’s test implies that you meet every criterion outlined in the Investments and Securities Act 2007 and complementary SEC regulatory guidelines.
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The disclosure process by public companies serves as an essential requirement to provide investors with enough information needed for making their decisions. Non-compliant information distribution breaks the SEC rules together with those established by the ISA.
Our main goal consists of showing every investor that they cannot hide from detection when they plan to defraud Nigerians or investors participating in this market.
Agama highlighted that investor protection stands as the Commission’s fundamental principle according to provisions within its enabling law while simultaneously working to develop the market.
The SEC provides full protection to every Nigerian investor whose actions are limited to the Nigerian capital market according to Mr. Okafor. The year 2025 marks a new era where every unapproved market activity will receive absolute zero tolerance from the Investments and Securities Act 2007 provisions.
