NSE invites 86 firms to appear before Disciplinary Committee

Posted by News Express | 13 September 2016 | 1,684 times

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The Nigerian Stock Exchange (NSE) has invited a total of 86 dealing firms to appear before its disciplinary committee on September 27 and 28 in Lagos.

According to a newspaper notice issued on Tuesday by the exchange, 70 of the dealing firms are those whose licenses had been revoked by the NSE between 1996 and 2007, and no longer active in the market.

A total of 11 another trading firms, which have remained inactive for a consecutive period of over one year in breach of the stock exchange rule, were also summoned to appear on September, 28, 2016.

The final batch contains the names of five brokerage firms being investigated for “unauthorised transactions” carried out by them. (Channels TV)

Source: News Express

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