Post by Proshare (@Proshare)

NGX Regulation Fines Five Stockbroking Firms for Market Manipulation

CSL Stockbrokers, Cowry Securities, Meristem Stockbrokers, SMADAC Securities & Associated Asset Managers have been sanctioned for wash trades and self-matching transactions.

CSL faces a N91m+ fine; the rest, N50m each, plus mandatory compliance training.

https://proshare.co/articles/ngx-regulation-sanctions-five-trading-firms-over-market-infractions?menu=Market&classification=Read&category=Capital

NGX Regulation Fines Five Stockbroking Firms for Market Manipulation CSL Stockbrokers, Cowry Securi...

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