The Securities and Exchange Commission, SEC is seeking stiffer punishment for operators of Ponzi schemes, expansion of the categories of issuers of securities, and better coverage of some new products among others.
The Director General, SEC, Lamido Yuguda said this in Abuja while briefing journalists on the outcome of the first quarter Capital Market Committee meeting CMC.
He expressed optimism that President Muhammadu Buhari will sign the Investors and Securities Bill, ISB, into law before leaving office in May, noting that the new law was long overdue.
The SEC boss also assured investors that the interest of minority shareholders would be protected during all transactions in the capital market.
According to Yuguda, this follows the decision of Oando Plc to delist from the Nigerian Exchange Limited, NGX.
He noted that protecting the interests of both majority and minority shareholders was the primary responsibility of the Commission.
Yuguda also noted that the Commission is working at ensuring that more investors are captured in the capital market While retaining the foreign and retail investors.
(Editor: Ebuwa Omo-Osagie)
