SEC tasks stockbrokers on professionalism, capital market growth

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The Securities and Exchange Commission (SEC) has urged members of the Chartered Institute of Stockbrokers (CIS) to continue to uphold the tenets of the noble profession and strive to contribute to the growth of their respective organisations, and the capital market at large.

Mary Uduk, Acting Director General of SEC who stated this during her induction ceremony as an Associate Member of the CIS in Lagos Monday, said by promoting and protecting the interests of the profession through prescribing and upholding the highest standard of service and integrity, the institute contributes highly to the attainment of a capital market of our dreams.

She said the strong collaboration between the CIS and the SEC has led to the achievement of tremendous results over the years, especially in deepening the capital market.

One of such collaborative initiatives she said, led to the development of a stand-alone capital market studies curriculum to be introduced at the Basic and Secondary Schools levels of education in Nigeria.

“The initiative, which is in partnership with other stakeholders, is one of the cardinal objectives of the Capital Market Master Plan, aimed at inculcating a culture of financial literacy and boosting investment education in Nigeria” she said.

According to Uduk, “The strength of character and service innovation of our professionals is one of the yardsticks with which the Nigerian capital market is benchmarked by the investing community. The way and manner capital market professionals conduct businesses with clients will affect how our market is perceived.

“At the Commission, we recognize that the Institute is a critical stakeholder in the capital market, and therefore, should strive to continue to maintain the highest level of professional standard towards ensuring that our market remains manned by the most competitive professionals in the world”.

She expressed delight …