​​​DEALING MEMBERS COMPLIANCE​​ >> BrokerTraX​
​​Efficient and well regulated market place
 
The Nige​rian 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 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 sustained 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/NoItem2010201120122013​2014​2015​2016
1Average Compliance (Rendition of regulatory returns)​38%55%75%94%​76%​​96%​76%​
2Enforcement Actions Carried Out ​5247437424​557​608​328
3Number of Rules Breached 191120​25​19​11
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Blacklisted Dealing ClerksBlacklisted Dealing Clerks.pdf
Cases Referred to EFCCNewCases Referred to EFCC.pdf
Dealing Member Firms Involved in Unauthorised Sale and Misappropriation of Clients FundsNewDealing Member Firms Involved in Unauthorised Sale and Misappropriation of Clients Funds.pdf
Dealing Member Firms Non-Compliant with the Minimum Operating Standards (MOS)NewDealing Member Firms Non-Compliant with the Minimum Operating Standards (MOS).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 StatementsDealing Member Firms Status of Audited Financial Statements.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
Dealing Member Firms With Inadequate Shareholders FundDealing Member Firms With Inadequate Shareholders Fund.pdf
Disciplinary Actions of The Disciplinary CommitteeDisciplinary Actions of The Disciplinary Committee.pdf
Other InfractionsOther Infractions.pdf
Status of Dealing Member FirmsNewStatus of Dealing Member Firms.pdf
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