SEC secures funding for securities market surveillance

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Problems associated with market infractions may become a thing of the past as the Securities and Exchange Commission (SEC) has announced

Securities and Exchange Commission tower. Photo/nairametrics

Securities market surveillance system monitors and detects activities for market manipulation, fraud, behavioural patterning, and more across all asset classes and all products, thereby ensuring the prevention and investigation of abusive, manipulative or illegal trading practices. The introduction of a market surveillance system in the market is expected to aid in detecting market infractions, as well as addressing market abuse as quickly and efficiently as possible to strengthen investors’ protection.

He reiterated that the commission’s resolve to sanction capital market operators frustrated the electronic dividend mandate process.

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