The Securities and Exchange Commission has said it will register and actively monitor brokers selling stocks for foreign companies in furtherance of its mandate of ensuring investor protection and market transparency, especially for retail investors.
According to Obisan, SEC intends to license firms offering foreign stocks under a “digital sub-broker” regulation, which should provide a form of clarity to their activities. He said, “Ultimately, we expect that registration will ensure that only genuine platforms target retail investors. We already have one of the platforms at a very advanced stage in the registration process.
According to Obisan, the Nigerian market has been open to the listing of securities by foreign issuers, and there are no restrictions in that regard.
SEC wants to stop peoples' plan b.
Nigerian stock is bad business... what were the experience.
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