The Securities and Exchange Commission (SEC) has announced the suspension of Centurion Registrars Limited, alongside its directors and sponsored individuals, from the capital market. This suspension is part of the SEC’s ongoing crackdown on illegal activities in the market.
Thank you for reading this post, don't forget to subscribe!The SEC released a statement titled “Additional Enforcement Measures on Erring Capital Market Operators,” warning that all clients of Centurion Registrars should reach out to Africa Prudential Plc for further guidance.
The suspension is a significant part of the SEC’s broader strategy for 2025 to enforce stricter regulations in the capital market. As part of this, the commission also revealed plans to publish the names of Capital Market Operators found violating market regulations in a “Name and Shame” journal. The SEC emphasized its zero-tolerance policy for market infractions and noted that the publication would accompany the prescribed penalties and sanctions under the Investment and Securities Act (ISA) 2007 and SEC rules.
Additionally, the SEC recently revoked the registration of Mainland Trust Limited as a capital market operator due to regulatory non-compliance and unresolved complaints against the firm.
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