Ashon Says Nigeria’s Capital Market Is Highly Regulated

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The Association of Stockbroking Houses of Nigeria (ASHON) has described the Nigerian Capital Market as well regulated for enhanced investor protection.

ASHON in an apparent response to insinuations that the on-going investigation of alleged unethical practices by some operators in the market states that no investor would suffer unjustly in the Capital Market as there are processes and procedures to ensure that their investments are safe.

The Association, therefore, urges the investing and general public to go about their Capital Market activities without trepidation .ASHON would continue to work very closely with the regulators, trade groups and investors to protect the integrity of the market by ensuring that its members uphold utmost level of professionalism in all their activities.

Investors are encouraged to embrace the Direct Cash Settlement (DCS) process. This ensures that proceeds of sales are settled directly to their various bank accounts. Further information can be obtained from Stockbroking Firms, The Nigerian Stock Exchange (NSE), Central Securities and Clearing System (CSCS) and Securities and Exchange Commission (SEC).

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