Fraud: SEC announces 'unique' identification for capital market operators

This, the commission said, is aimed at curbing issues of fraud in the capital market.

According to him, the identity management project in the capital market would ensure that market transactions are secured and done on a ‘straight-through processing’ basis, leaving very little human intervention in the processing of data. “It will be up to speed in terms of modernity, efficiency, and protection of the database of the commission and the capital market.”

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