​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​DEALING MEMBERS COMPLIANCE​​ >> BrokerTraX

Efficient and well regulated market place ​​
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The Nige​rian Stock Exchange (​NSE), in i​ts 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 names of Dealing Member Firms t​hat have been found liable for contraveni​ng 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.

​​With The NSE's zero tolerance policy on regulatory infractions, there has been an increase in compliance by Dealing Members​.
S/No​Item20102011201220132014201520162017
1Average Compliance (Rendition of regulatory returns) 38%55%75%94%76%96%76%79%
2Enforcement Actions Carried Out 5247437424557608328267
3Number of Rules Breached19112025191111
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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 that have Reclassified to Sub-broker FunctionDealing Member Firms that have Reclassified to Sub-broker Function.pdf
Dealing Members Operating With Inadequate Shareholders FundDealing Members Operating With Inadequate Shareholders Fund.pdf
Dealing Members Operating Without a Compliance OfficerDealing Members Operating Without a Compliance Officer.pdf
Dealing Members Operating Without a Managing DirectorDealing Members Operating Without a Managing Director.pdf
Dealing Members Status of Audited Financial StatementsDealing Members Status of Audited Financial Statements.pdf
Dealing Members Status of Quarterly ReturnsDealing Members Status of Quarterly Returns.pdf
Disciplinary Actions of The Disciplinary CommitteeDisciplinary Actions of The Disciplinary Committee.pdf
Other InfractionsOther Infractions.pdf
Status of Dealing Member FirmsStatus of Dealing Member Firms.pdf
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