​DEALING MEMBERS COMPLIANCE >> BrokerTraX

Efficient and well regulated market place 

The Nigerian Stock Exchange ( NSE), in its bid to improve investors’ confidence in the market, commenced 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 the names of Dealing Member Firms that have been found liable for contravening market rules. The goal is to reduce contravention of market rules to its barest minimum in line with the deliberate and sustain ed effort to restore confidence.

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

S/NoItem20102011201220132014201520162017
1Average Compliance (Rendition of regulatory returns)38%55%75%94%76%96%76%79%
2Enforcement Actions Carried Out5247437424557608328267
3Number of Rules Breached19112025191111


  
  
Blacklisted Dealing ClerksBlacklisted Dealing Clerks.pdf
Cases Referred to EFCCCases Referred to EFCC.PDF
Dealing Member Firms Involved in Unauthorised Sale and Misappropriation of Clients FundsDealing Member Firms Involved in Unauthorised Sale and Misappropriation of Clients Funds.pdf
Dealing Member Firms Non Compliant with the Minimum Operating StandardsDealing Member Firms Non Compliant with the Minimum Operating Standards.pdf
Dealing Member Firms Operating With Inadequate Shareholders FundDealing Member Firms Operating With Inadequate Shareholders Fund.pdf
Dealing Member Firms Operating Without a Compliance OfficerDealing Member Firms Operating Without a Compliance Officer.pdf
Dealing Member Firms Operating without a Managing DirectorDealing Member Firms Operating without a Managing Director.pdf
Dealing Member Firms Status of Audited Financial StatementDealing Member Firms Status of Audited Financial Statement.pdf
Dealing Member Firms Status of Quarterly ReturnsDealing Member Firms Status of Quarterly Returns.pdf
Dealing Member Firms that have Reclassified to Sub-broker FunctionDealing Member Firms that have Reclassified to Sub-broker Function.pdf
Disciplinary Actions of The Disciplinary CommitteeDisciplinary Actions of The Disciplinary Committee.pdf
Other InfractionsOther Infractions.pdf
Regulatory Actions Against Dealing ClerksRegulatory Actions Against Dealing Clerks.pdf
Status of Dealing Member FirmsStatus of Dealing Member Firms.pdf
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