SEC Harps On Professionalism In Capital Market

    0
    L-R, Executive Commissioner Legal and Enforcement, Securities and Exchange Commission Mr Reginald Karawusa, 2nd Vice President Chartered Institute of Stockbrokers Mr Oluropo Dada, CIS President, Mr Olatunde Amolegbe, Director General SEC Mr Lamido Yuguda CIS 1st Vice President Mr Oluwole Adeosun, CIS Registrar Mr Josiah Akerewusi and Executive Commissioner Operations SEC Mr Dayo Obisan during a Meeting between The SEC and CIS in Abuja on Wednesday.

    The Securities and Exchange Commission (SEC) has again restated the need for capital market operators to maintain professionalism and good ethical conduct in the discharge of their duties.

    Director-General of the SEC, Mr. Lamido Yuguda who stated this during a meeting with the Chartered Institute of Stockbrokers in Abuja, Wednesday, added that it would make the market more transparent and attract to investors.

    Yuguda while soliciting the support of the CIS in the Commission’s quest to improve professionalism and good conduct in the capital market, also commended the Institute for working in tandem with the Commission, expressing the hope that the collaboration would continue.

    “CIS has supported the SEC in our various initiatives in the past and we hope that this support will continue with the various initiatives we plan to roll out this year.

    “We, therefore, urge the CIS to encourage its members to uphold the Code of Ethics of the profession and as contained in the Rules and regulations of the commission,” he said.

    The SEC DG stated the importance of a harmonious working relationship between the regulator and the Self-Regulatory Organisations adding that it would translate into a more vibrant capital market.

    Yuguda said capital market operators are the face of the market and they interact daily with investors adding that it is therefore important that they prioritise interest of investors over their own and be seen to demonstrate the highest level of integrity and transparency in conducting their activities.

    In his remarks, President of CIS, Mr Olatunde Amolegbe commended the SEC on the various initiatives it has been carrying out in a bid to deepen and develop the market and added that the CIS would continue to provide the necessary support in areas where it is required.

    Also speaking, past president of CIS, Mr. Ariyo Olushekun said the CIS is committed to working with the SEC to ensure professionalism in the capital market, improve ethical standards and weed out bad eggs in the market.

    This according to him, will strengthen confidence and lead to more investors coming back to the market so that the market can play the role it is supposed to play in the economy of the country.

    He, therefore, pledged the commitment of the CIS to always work with the SEC to develop the market and also to police the market.

     

    wema_bank_salary_based_loan

    Like and Share this:

    ADD YOUR COMMENT

    Please enter your comment!
    Please enter your name here