Investment protection sacrosanct to market growth – SEC

Nigeria’s Securities and Exchange Commission, SEC, has emphasised the need for investment protection in the domestic market towards achieving a world class capital market.

To this end, the commission has restated its commitment to the protection of investors in the Nigerian capital market from fraudsters.

The apex regulator of the capital market, in a statement, disclosed that it had through various forum reiterated its zero tolerance to any form of market infraction capable of causing confidence crisis in the stock market.

The commission stated further that it had adopted several strategies to achieve the goal of protecting investors in the market.

SEC revealed that, “it has a mandate to educate and protect investors in the capital markets and devotes resources to developing and regulating a world class capital market that will play its critical role in supplying long-term capital for Nigerians to fund their businesses, create jobs and democratise prosperity”.

The commission added that it would stop at nothing to protect Nigerians “against unscrupulous operators who run schemes to defraud innocent investors of their hard-earned money”.