It has happened to many investors. Your stockbroker helps you to sell your shares. You had instructed him to sell at any price because you need the money urgently. He sells the shares at N20 per share but tells you he sold at N18 per share. Or the broker uses your money for his expenses and tells you he is yet to sell the shares. These unethical practices have caused many investors to lose confidence in the stock market and hence discouraged from investing in the market.

IN response to the several complaints from Investors Forum over the Electronic Dividend Mandate Management System (e-DMMS) portal, the Securities and Exchange Commission (SEC) has set up a monitoring team to monitor compliance with the implementation of the initiative.

THE Securities and Exchange Commission (SEC) has announced the official take-off of the National Investors Protection Fund (NIPF) and conclusion of arrangement to compensate a total of 580 investors whose claims have been successfully verified.

Last week, Investors Forum received the following emails from two readers with respect to the Electronic Dividend Mandate Management System (e-DMMS) portal.

Investors that trade on unlisted securities on NASD OTC Securities Exchange Plc lost N26.39 million of their investment in the market last week as apathy continues to pervade the entire capital market.

The article last week on Electronic Dividend Mandate Management System (e-DMMS) portal introduced by the Securities and Exchange Commission (SEC) generated reactions from our readers. There were two major revelations from these reactions.

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Following the faceoff between Federal Reporting Council of Nigeria, FRCN that led to the sanction of Stanbic IBTC over its audited accounts for 2013 and 2014 and suspension of the financial reporting numbers of the bank’s Chairman, Mr. Atedo Peterside, and its Chief Executive, Mrs. Sola David-Borha, Shareholder Activist, Alhaji Gbadebo Olatokunbo, expressed concern stating that shareholders were misled by the information made available by FRCN.

Electronic Dividend (e-dividend) was introduced to forestall the rising incidence of unclaimed dividend in the Nigerian Capital Market. Shareholders who spoke with Vanguard Investors Forum, explain how e-dividend works and its benefits over paper dividend.

Professional service firm, KPMG has called for the adoption of the new International Financial Reporting Standard, IFRS 9, for a more professional financial measurement.

The decisions of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) last week has interesting implications for investors. While the decisions portend bad news for some type of investments and investors, they, however, indicate good news for others.

The Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, has said that the Commission is addressing some of the issues that led to retail investors’ apathy in the capital market.

IT is therefore mandatory for every registrar to immediately commence the use of the e-Dividend Mandate Management System Portal as directives will soon be issued to banks to discontinue the verification of paper mandates presented to bank branches.” (SEC).

INVESTORS across Africa will soon be saved the hassle of travelling long distances to attend Annual General Meeting (AGMs) of their companies as a platform that will enable them to attend general meetings electronically and also vote real-time will soon be launched by Africlear Global.

F ollowing the faceoff between Federal Reporting Council of Nigeria, FRCN that led to the sanction of Stanbic IBTC over its audited accounts for 2013 and 2014 and suspension of the financial reporting numbers of the bank’s Chairman, Mr. Atedo Peterside, and its Chief Executive, Mrs. Sola David-Borha, Shareholder Activist, Alhaji Gbadebo Olatokunbo, expressed concern stating that shareholders were misled by the information made available by FRCN.