By InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) said it has referred 12 Dealing Member Firms to the Nigerian anti-graft agency, the Economic and Financial Crimes Commission (EFCC), according to its latest Dealing Member BrokerTrax.

The NSE said in its bid to improve investors’ confidence in the market introduced a strong campaign against market infraction by its Dealing Members by introducing a dealing members compliance report, BrokerTraX.

With the BrokerTraX, investors can now make more informed decisions about where to invest by viewing names of Dealing Member Firms t?hat have been found liable for contraveni?ng market rules.

According to the Exchange, the goal is to reduce contravention of market rules to its barest minimum in line with the deliberate and sustained effort to restore confidence.??

With The NSE’s zero tolerance policy on regulatory infractions, there has been an increase in compliance by Dealing Members.