By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE) – The Nigerian Stock Exchange (NSE) has reported that 16 Dealing Member Firms on its Bourse has inadequate shareholders funds as at December 31, 2013.

The NSE disclosed this in its Brokers Trak report designed to help reduce contravention of market rules to its barest minimum while doing all within its means to restore confidence.

According to the Nigeria’s Exchange, an inactive Firm is a firm that has been suspended for a period of more than six (6) months by The Exchange or Securities and Exchange Commission (SEC); or has not recorded any activity for a period of three (3) or more months without being suspended.