Following the success of the appeal against his prohibition from operating as a Chartered Stockbroker by the Disciplinary Tribunal of Chartered Institute of Stockbrokers (CIS), the Institute has re-admitted Mr Akinwale Olagundoye with registration Number ACS 982 to operate as a member.
The Tribunal had in 2013 sanctioned Olagundoye over unprofessional conduct by removing his name from the register of stockbrokers.
“ Upon further investigations into the matter, the institute found no basis to disallow me from representing myself as a member hence i was cleared”, said Olagundoye.
The Institute has in a statement, signed by its Head, Legal and Ethical Compliance Services, Mr Babatunde Odofin stated that upon the review its earlier judgement along with Olagundoye’s level of compliance, the Disciplinary Tribunal, gave a directive that he (Olagundoye ) be re-registered and re-admitted into the relevant part of the register of Members of the Chartered Institute of Stockbrokers, pursuant to Section 11(9) of the CIS Cap, C9 LFN, 2004.
Olagundoye , who has since continued to operate more as an investment adviser, urged investors to take advantage of the ongoing volatility in the securities markets by focusing on the stocks that have strong growth potentials.
“ It is not particularly unusual to experience volatility in the current clime anywhere in the global marketplace. investors should focus on undervalued blue chip stocks and buy them for the long term. Pro-inflation stocks benefit from rising cost, hence investing in the sectors such as agriculture, consumer staple and energy may outperform inflation in the long run.”, said Olagundoye .
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