The Securities and Exchange Commission (SEC) in Nigeria has cancelled/withdrawn the certificates of One Hundred and Fifty-Seven (157) Capital Market Operators (CMOs) because of their consistently failure to render their statutory returns to the Commission.
SEC Nigeria who made this announcement on their official website on Tuesday, 10th November, 2020 explained that One Hundred and Fifty-Seven (157) Capital Market Operators (CMOs) were registered by the Securities and Exchange Commission for various functions in the Nigerian capital market.
“However, these CMOs have consistently failed to render their statutory returns to the Commission, had their capital eroded, while others were affected by policy changes.” It said.
It further noted that, “In view of this fact, the Commission hereby request the affected CMOs to make presentations to the Commission, on or before 13th November, 2020, giving reasons why their registration should not be cancelled.”
Here are the One Hundred and Fifty-Seven (157) Capital Market Operators (CMOs) certificate that were withdrawn.