The Nigerian Stock Exchange in
October 4, 2013 signed a Memorandum of Understanding with the tEconomic and Financial Crimes Commissiono tackle market infractions and abuse. This partnership had
successfully opened direct lines of communication and information sharing with
the Economic and Financial Crimes Commission for reporting and investigations
of incidents leading to a more proactive law enforcement and swift recovery of
stolen securities.
To further protect investors,
the Nigerian Stock Exchange had set up the Investors Protectors Fund to
compensate claimants for pecuniary losses suffered by them as a result of wrong
doing by certain dealing member firms of the Exchange. The establishment of the
Investors Protectors Fund is pursuant to Section
197 of the Investment and Securities Act 2007.
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