Fidelity bank banner Camano banner
SEC imposes life ban on two capital market operators

By News Express on 29/09/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,401


The Securities and Exchange Commission (SEC) on Wednesday announced the ban and blacklisting of Taofik Lawal and Mrs. Iyabode Lawal, directors of WT Securities Limited, from operating in the Nigerian Capital market for life.

The company and its directors were found culpable of mismanaging the stocks of Mrs. Opral Mason Benson.

The suspension, the commission said in a statement on its website is in exercise of its powers under Section 13 of the ISA, 2007, following the unauthorised sale of the Nigerian Breweries Plc shares belonging to Ngozi Onyekwere Nwachukwu.

“The actions of WT Securities Limited and the aforementioned Directors are in violation of Section 110 of the ISA 2007 and Rule 65 (1) of the Commission’s Consolidated Rules and Regulations 2013.” The statement added.

Consequently, the investing public has been advised to desist from dealing with the named persons in any capital market related capacity. (Independent)

 

Source News Express

Posted 29/09/2016 04:40:30 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Again, Fitch rates Kaduna’s economy stable

Group demands full independent investigation of the killing...

Benue crisis: IGP blames Governor Ortom

SDP, GDPN, Kowa deny endorsement of Atiku

Rivers PDP Chairman says INEC lied about disqualification...

Lagos threatens to confiscate buildings used as hideouts...

Eto’o happy he didn’t join Arsenal

How Ugwuanyi’s leadership qualities made him people’s choice...

OAGF alerts on the antics of fake Accountants-General...

New Minimum Wage: Labour unions demand N56,000 per...

Maritime is soul of Nigeria’s economy —NIMASA DG...

Senate versus IGP: Stop this unnecessary show of...

 

Latest News Counter-terrorism as collective war 2019: Obi, Osinbajo, 3 others trade tackles in Vice-Presidential Debate Access Bank official, accomplice in EFCC net for defrauding foreigner of £79,000 Nigerian Army redeploys top officers •Full list of affected Generals Outrage as suspected assassins murder retired DCP, wife in Imo 13 miners feared drowned in illegal mine ICPC declares vote buying an act of corruption Buhari alerts on activities of hate speech mongers APC bombs Shittu over ’empty threat’ Buhari has admitted to failure: Fayose Police uncover fake drugs factory, arrest 4 in Lagos NSCDC personnel brutalise journalists

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (430,322 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (395,095 views) Shameless Genevieve Nnaji exposes breasts in public (327,989 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (281,711 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (248,040 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (229,376 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (212,271 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (193,455 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (179,850 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (170,611 views) Lagos plane crash: Journalist releases victims’ names (167,357 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (153,805 views)

 

CBN banner Zenith Zero Balance First Bank chat banking

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (76) Business & Economy (3,883) Business Verdict (54) Columnists (974) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (575) Features (679) Global Business Monitor (313) International (2,825) Interview (167) Live Commentary (28) Love Matters (147) Maggie's Blog (74) News (41,434) Opinion (1,153) Pidgin (13) Politics (8,178) Religion (916) Sports (1,821) Stock Watch (35) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera