By InvestAdvocate
Lagos (INVESTADVOCATE)-Oscar Onyema, chief executive officer (CEO) of the Nigerian Stock Exchange (NSE) on Friday charged 51 newly inducted stockbrokers to the Chartered Institute of Stockbrokers (CIS) on integrity.
‘’You have been chosen for this induction because the Chartered Institute of Stockbrokers (CIS) and The Nigerian Stock Exchange (NSE) consider you worthy to be a practicing stockbroker and able to trade on any floor in the Nigerian Capital Market. Today marks a call to stand tall on Integrity, to be spotless in Character, to be Professional in service and to be high in Ethics and Standards,’’ Onyema said in his opening remarks.
According to the NSE CEO, the Nigerian bourse continues to evolve to meet the needs of its valued customers (the investing public) and to achieve the highest level of competitiveness. ‘’We operate a fair, orderly and transparent market that brings together the best of African enterprises and the local and global investor communities. The Nigerian bourse is poised to champion the acceleration of Africa’s economic development,’’ he said.
He affirmed the NSE’s maintenance of zero tolerance for frivolous practices and the deployment of requisite technology and expertise to curb and arrest any form of manipulation from all quarters of its operation. ‘’In line with the aforementioned, the NSE has signed a Memorandum of Understanding with the Economic and Financial Crime Commission (EFCC) to increase cooperation and communication in the fight against financial crimes in the Capital Market,’’ he added
Onyema disclosed that the modalities of the MoU cover information sharing, stronger partnerships, capacity building and institutional support in the EFCC-NSE operations. ‘’Please be warned to abide by the CIS ethical standards and the NSE code of conduct for Dealing Members,’’ he said.
‘’ For all recently qualified stockbrokers, it goes without saying that the investing community will know and judge the Nigerian Capital Market through your example in character and service; the manner in which you engage, interface and service your clients will go a long way in shaping the perception of our market,’’ the NSE CEO affirmed.