Commission Advises Stockbrokers On Professionalism, Ethical Conduct

The Securities and Exchange Commission (SEC) has urged stockbrokers to support the highest level of professionalism and ethical behaviour to guarantee a just and transparent market.

The director-general of the SEC, Dr Emomotimi Agama, made the connection astatine the play during the 29th yearly league of the Chartered Institute of Stockbrokers held successful Abuja.

Agama said, investors indispensable person afloat assurance that the highest standards of honesty and competence usher the intermediaries who negociate their wealth.

Agama said the taxable of this year’s conference: ‘Capital Markets successful a Digital, Ethical, Sustainable Era: Pathways for Economic Transformation’ is timely arsenic it speaks straight to the planetary modulation wherever exertion drives innovation, wherever morals anchor trust, and wherever sustainability defines the aboriginal of finance.

“These 3 dimensions, digitalisation, ethics, and sustainability are not abstracted pillars; they signifier the instauration of a modern, inclusive, and resilient superior markets.

“Across the world, superior markets are being reshaped by technological innovation. The integer epoch has introduced caller possibilities, from online trading platforms and integer assets to information analytics, blockchain, and artificial intelligence. These innovations are changing however we rise capital, however we invest, and however we supervise.”

The SEC Boss stated that the Commission has embraced this translation arsenic an accidental to heighten efficiency, transparency, and capitalist protection, adding that ongoing efforts to fortify marketplace surveillance systems, automate regulatory processes, and present risk-based supervision frameworks are each aimed astatine positioning the Nigerian superior marketplace for the realities of a integer economy.

Senator Ibrahim Hadejia, lawman main of unit to the president successful the bureau of the vice president, praised the Institute’s committedness to nationalist economical growth.

“The travel to a $1 trillion system is ambitious, but with strategical collaboration betwixt government, regulators, and marketplace operators, it is wholly achievable. We commend CIS for its leadership, and we look guardant to continued concern successful gathering a stronger, much inclusive, and globally competitory Nigerian economy. The superior marketplace remains 1 of the astir almighty engines for sustainable economical transformation,” Hadejia said.

The president of NGX Group Plc, Alhaji Umaru Kwairanga, stressed the value of sustainability arsenic a guiding rule for fiscal markets, saying, “The aboriginal of concern is green. We indispensable transmission superior into climate-resilient initiatives, renewable energy, and the broader low-carbon transition. NGX remains committed to integrating ESG principles crossed the market.”

Chairman of the Association of Securities Dealing Houses of Nigeria (ASHON), Sam Onukwue, echoed the telephone for wide regularisation and merchandise innovation, stating, “stable, predictable policies are important to attracting investment. Diversifying instruments, including non-interest and alternate products, is cardinal to broadening capitalist participation. Furthermore, liquidity and creaseless exit mechanisms are indispensable to maintaining capitalist confidence.”

At the event, 48 members, including Sola Oni, the erstwhile spokesperson of the Nigerian Stock Exchange (now NGX), were conferred with the Institute’s Fellowship status, portion 220 others were inducted arsenic subordinate members.