By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange Friday announced the revocation of Licenses of 10 Dealing Member Firms as at February 10 2012.
This was contained in a Circular number BDR/CIR/1/AAA/02/12 to all Dealing Members Firms and posted on the official website of the NSE.
Amongst the list of Firms whose License as at the stated period include Apex Securities Limited, Asset Plus Securities Limited, Beachgroove Securities Limited, Broadeage Securities Ltd and IMB Morgan PLC (Morgan Trust Ltd).
Others are Jenkins Investment Limited, Prudent Stockbrokers, Source Finance & Trust, Thomas Kinsley Securities Limited and Viva Securities Limited.
Apart from the 10 Dealing Member Firms whose Licenses were revoked, 48 Dealing Member Firms were declared as inactive, while 27 were declared unactivated.
However, as at the time of filling in the Report, no reason was given in the Circular why the Licenses of the Dealing Members fell into the category for which they were listed.
