Abuja, Nigeria – In a decisive move to uphold the integrity of the capital market, the Securities and Exchange Commission (SEC) has voided the registration of Mainland Trust and suspended the operations of Centurion Registrars. This action comes as part of the SEC’s strategy to “name and shame” operators who violate capital market laws.
The SEC’s enforcement measures aim to protect investors and maintain trust in Nigeria’s financial system. The decision to void Mainland Trust’s registration was based on significant non-compliance with regulatory directives, while Centurion Registrars faced suspension due to failing to adhere to necessary operational standards.
This crackdown reflects the SEC’s commitment to ensuring that all market participants operate within the legal framework, thereby enhancing transparency and accountability in the capital market. Stakeholders are urged to comply with all regulatory requirements to avoid similar repercussions in the future.
