Page 5 - Securities Exchanges News Today

ADVERTISEMENT Nigeria’s Securities and Exchange Commission (SEC) has warned capital market operators to stop giving support to online investment trading platforms providing access to foreign securities in Nigeria. In a statement Thursday, the regulator said those securities were not registered in Nigeria, and platforms providing access to them were acting against the law. It warned capital market operators in partnership with the platforms to desist from providing brokerage services for forei...

According to the Circular, “ The attention of the SEC has been drawn to the existence of several providers of online investment and trading platforms which purportedly facilitate direct access of the investing public in the Federal Republic of Nigeria to securities of foreign Companies listed on Securities Exchanges registered in other jurisdictions. “These platforms also claim to be operating in partnership with CMOs registered with the Commission,” it said. The Commission categorically ...

By Itohan Abara-Laserian Lagos, April 8, 2021 The Securities and Exchange Commission (SEC) has warned the investing public on the proliferation of unregistered online investment and trading platforms facilitating access to securities trading in foreign markets. This was contained in a circular to the Capital Market Operators (CMOs) issued by the management of the commission made available to newsmen in Abuja on Thursday. According to the Circular, “The attention of the SEC has been drawn to ...

Fintech trading platforms like Chaka, Trove, Bamboo, and Risevest that allow Nigerians to invest and trade in stocks listed on the Nigerian and foreign stock exchanges have been declared illegal by the Federal Government. This was made known by the Securities and Exchange Commission (SEC) in a statement issued and seen by Nairametrics on Thursday. It stated, “The attention of the Securities and Exchange Commission (the Commission) has been drawn to the existence of several providers of onlin...

Nigeria’s SEC warns investment platforms to stop trading ‘unregistered’ foreign securities In a circular released by Nigeria’s capital market regulator SEC today, investment platforms providing access to foreign securities might be treading on dangerous grounds. According to the SEC regulations that have just been brought to light, these platforms are trading foreign securities not registered in the country and have been warned to stop doing so. Capital market operators in partnership w...

  The Securities and Exchange Commission (SEC) has warned Nigerians engaging in investment against the proliferation of unregistered online investment and trading platforms facilitating access to trading in securities listed in foreign markets. SEC issued the warning in a circular dated April 8 and addressed to Capital Market Operators by the management of the commission in Abuja, the nation’s capital. “The attention of the SEC has been drawn to the existence of several providers of online...

Nigerian Stock Exchange becomes public company after 11 years in the works The shift makes the NSE the 57th exchange in the world to embrace such a transformation since Sweden’s Stockholm Stock Exchange piloted the move in 1993. The Nigerian Stock Exchange (NSE) will henceforth run as a public company limited by shares, rather than a private company limited by guarantee of owners or members after consummating a demutualisation process that spanned The shift makes the NSE the 57th exchange i...

Israel Securities Authority Granted The Right To Open “Alternative Stock Exchange Date 05/03/2021 For the first time in history, the Israel Securities Authority, a leader in the regulatory space, has been granted the right to open an “alternative stock exchange.” The Authority (the country’s securities regulator) has been given permission to allow DLT (Distributed Ledger Technology) Securities Exchanges to operate from Israel. What this means, in effect, is the creation of a sec...

Enhanced Focus on Climate-Related Risks FOR IMMEDIATE RELEASE Washington D.C., March 3, 2021 — The Securities and Exchange Commission’s Division of Examinations today announced its 2021 examination priorities, including a greater focus on climate-related risks. The Division will also focus on conflicts of interest for brokers (Regulation Best Interest) and investment advisers (fiduciary duty), and attendant risks relating to FinTech in its initiatives and examinations. T...

SEC Division Of Examinations Announces 2021 Examination Priorities - Enhanced Focus On Climate-Related Risks Date 03/03/2021 The Securities and Exchange Commission’s Division of Examinations today announced its 2021 examination priorities, including a greater focus on climate-related risks. The Division will also focus on conflicts of interest for brokers (Regulation Best Interest) and investment advisers (fiduciary duty), and attendant risks relating to FinTech in its initiatives and ex...