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FULL LIST: SEC to delist 157 inactive capital market operators

FULL LIST: SEC to delist 157 inactive capital market operators
November 11
12:50 2020

The Securities and Exchange Commission (SEC) says it will withdraw the certificates of registration of 157 inactive capital market operators over failure to meet extant rules and regulations.

This was contained in a circular, titled: “Pre-Notice on cancellation/withdrawal of certificates of registration of inactive capital market operators”, on Tuesday.

According to the circular, the operators have consistently failed to render their statutory returns to the commission, had their capital eroded while others were affected by policy changes.

It warned the operators to make a presentation to SEC on or before November 13, 2020, indicating why their registration should not be withdrawn.

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“The 157 CMOs were registered by SEC for various functions in the Nigerian capital market,” the circular read.

“However, these CMOs have consistently failed to render their statutory returns to the commission, had their capital eroded, while others were affected by policy changes.

“In view of this fact, the commission hereby request the affected CMOs to make presentations to the commission, on or before November 13, 2020, giving reasons why their registration should not be canceled.

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“Hard copies of the presentations should be forwarded to the commission’s head office while soft copies should be sent to the following email addresses: [email protected]; [email protected]

Some of the affected operators include Leadway Assurance, Citi Asset Management, Cornerstone Asset Management, Custodian & Allied Insurance, Equitorial Trust Bank, Ventures & Trust.

See the full list below:

S/N Firm Registered Function
1 2AS
Amao Consult
Individual
Sub-Broker
2 Adamawa
Securities Limited
Broker/Dealer
3
AIMS
Asset Management Limited
Fund/Portfolio
Manager, Broker/Dealer
4 AIQ
Venture Capital Fund Managers Limited
Private
Equity Fund Manager
5 Allbond
Investment Limited
Broker/Dealer
6 Amalgamated
Capital Funds Ltd
Venture
Capital Manager
7 Arnold
Portfolio Co.
Individual
Investment Adviser
8 Associated
Investment Trust Co. Limited
Fund/Portfolio
Manager
9 Bayhead
Alpha Capital Ltd
Fund/Portfolio
Manager
10 Bendu
Peter Ser. Nig. Ltd
Investment
Advisers
11 Bluebird
Capital Limited
Issuing
House
12 Boston
Capital investments limited
Corporate
Sub-Broker
13 Brickfield
Road Associates Ltd
Rating
Agency
14 Bytofel
Trust & Securities Ltd
Broker/Dealer
15 Cadington
Securities Ltd
Broker/Dealer
16 Capital
Partners Limited
Corporate
Investment Adviser, Fund/Portfolio Manager
17 Capital
Structures Ltd
Portfolio
Manager, Corporate Investment Adviser
18 CDL
Asset Management Ltd
Fund
Manager
19 Circular
Trust Ltd
Portfolio
Manager
20 Citi
Asset Mgt ltd
Fund/Portfolio
Manager
21 Citizens
Inv. & Sec. Ltd
Venture
Capital Manager
22 City
Investment Management. Ltd
Broker/Dealer
23 Consolidated
Discount Ltd
Fund/Portfolio
Manager, Investment Adviser, Trustee
24 Consolidated
Inv. Limited
Broker/Dealer
25 Consult
& Capital Limited
Fund
Manager
26 Cornerstone
Asset Mgt. Ltd
Trustees,
Fund/Portfolio Manager, Corporate Investment Adviser
27 Corporate
Diamond Securities and investments Limited
Registrars
28 Custodian
& Allied Insurance Plc
Trustee
29 Cutix
Plc
General
Registrars
30 Dakal
Services Limited
Broker/Dealer
31 Dambale
(Nigeria) Limited
Corporate
Investment Adviser
32 De-Canon
Investment Ltd.
Broker/Dealer
33 Development
Business Co. Limited
Fund/Portfolio
Manager
34 Dolbic
Finance Limited
Investment
Adviser, Portfolio Manager, Broker/Dealer
35 Dynamic
Trust & Securities Ltd
Fund/Portfolio
Manager
36 Eazytrade
Concept Ltd.
Portfolio
Manager
37 Elyon’s Assest Management Ltd Fund
Manager
38 Emerging
Capital Ltd
Broker/Dealer
39 EMI
Capital Resources Ltd.
Broker/Dealer
40 Enterprise
Bank Plc
Issuing
House, Receiving Banker & Fund/Portfolio Manager
41 Enterprise
Capital Mgt. Ltd.
Venture
Capital Manager
42 Equibond
Securities Limited
Investment
Advisers
43 Equinox
Asset Management Limited
Corporate
Investment Adviser, Portfolio Manager
44 Equitorial
Trust Bank Plc
Issuing
House, Fund/Portfolio Manager & Banker to an Issue
45 ET&F
Investment Ltd
Portfolio
Manager
46 Express
Discount Limited
Fund/Portfolio
Manager, Corporate Investment Adviser
47 FB
Asset Mgt. Limited
Corporate
Investment Adviser, Portfolio Manager
48 Femi
Ajijala & Co.
Reporting
Accountants, Investment Advisers
49 First
Alstate Securities Ltd
Broker/Dealer
50 First
Marina Trust Limited
Broker/Dealer
51 Fittco
Seurities Limited
Broker/Dealer
52 Floodgate
Finance & Sec. Limited
Sub-Broker
53 G.
Akomas & Partners
Fund/Portfolio
Manager
54 Global
Capital Market Ltd
Issuing
House
55 Global
Inv. & Sec. Ltd
Broker/Dealer
56 GMT
Securities Ltd
Broker/Dealer
57 Gombe
Securities Ltd
Broker/Dealer
58 Habitat
Trust Ltd
Fund
Manager
59 Hazonwao
Assets Management Ltd
Fund
Manager
60 Heap
Investment Ltd.
Investment
Adviser
61 Honey
Comb Asset Mgt. Ltd
Fund/Portfolio
Manager
62 Horizon
Stockbrokers Ltd
Broker/Dealer
63 Imperial
Finance & Sec. Ltd
Corporate
Investment Adviser, Fund/Portfolio Manager
64 Indemnity
Finance Limited
Broker/Dealer
65 Integrated
Capital Services Ltd
Issuing
House
66 International
Standard Sec. Ltd
Broker/Dealer
67 Investment
Monitors Ltd
Sub-Broker
68 Investment
Shark & Asset Management Ltd
Broker/Dealer
69 ITIS
Securities Limited
Broker/Dealer,
Issuing House
70 Jubilee
Global Fund Plc
Fund
Manager
71 Kedari
Securities Limited
Broker/Dealer
72 Kendall
Securities Limited
Broker/Dealer
73 Kingsway
Securities Limited
Corporate
Sub-Broker
74 Koltron
Ltd
Fund
Manager
75 Lakesworth
Inv. & Sec. Ltd
Broker/Dealer
76 LASACO
Assurance Plc
In-House
Registrars
77 Leadway
Assurance Co. Ltd
Investment
Advisers & Portfolio Manager
78 Lion
Stockbrokers Limited
Broker/Dealer
79 LMB
Stockbrokers Limited
Broker/Dealer,
Issuing House
80 Lombard
Asset Mgt. Limited
Fund/Portfolio
Manager
81 Lynac
Securities Limited
Broker/Dealer
82 Mact
Securities LTD
Broker/Dealer
83 Malachai
Funds & Assets Mgt. Ltd
Fund/Portfolio
Manager
84 Maninvest
Asset Mgt. Plc
Broker/Dealer
85 Maven
Asset Management Ltd
Broker/Dealer
86 Mega
Asset Managers Ltd
Sub-Broker,
Portfolio Manager
87 Mercov
Securities Limited
Broker/Dealer,
Portfolio Manager
88 Metropolitan
Trust Nigeria Ltd
Broker/Dealer
89 MICC
Consult-Mashasha Inv. & Commerce Co. Limited
Investment
Advisers
90 Monument
Sec. & Fin. Ltd
Broker/Dealer
91 NCDF
Investment Limited
Venture
Capital Manager
92 N-cheque
Securities Ltd
Portfolio
Manager
93 NIC
Securities & Trust Ltd.(formerly NIC Trustees Ltd)
Trustee
94 Niche
Securities Limited
Broker/Dealer
95 NICON
Trustees Ltd
Investment
Adviser, Registrar, Trustee, Fund/Portfolio Manager
96 NMA
Investment & Securities Ltd
Portfolio
Manager
97 Noble
Financial Trust Ltd
Fund/Portfolio
Manager, Corporate Investment Adviser
98 Nouveau
Delice International Ltd
Venture
Capital Manager
99 Novare
Investments Ltd0
Fund/Portfolio
Manager
100 Occean
Securities and Stock Brokera Ltd
Broker/Dealer
101 Oceanic
Trustees Ltd
Trustee
102 Omas
Inv. & Trust Limited
Broker/Dealer
103 Omnisource
International Ltd
Broker/Dealer,
Investment Adviser, Portfolio Manager
104 Osunbade,
Okiti & Co.
Investment
Advisers & Reporting Accountants
105 Pan
Securities Limited
Portfolio
Manager & Issuing House
106 Peach
& Prime Ltd.
Portfolio
Manager
107 Peak
Securities Limited
Broker/Dealer
108 Peninsula
Assets Management & Investment Co. Ltd
Broker/Dealer
109 Petroleum
Inv. Mgt. Limited
Corporate
Investment Advisers
110 Pharez
Limited
Rating
Agency
111 PHB
Asset Management Ltd
Fund/Portfolio
Manager
112 Platinum
Capital Limited
Issuing House, Broker/Dealer, Fund/Portfolio Manager
113 Professional
Stockbrokers Ltd
Corporate sub-broker
114 Profund
Securities Limited
Broker/Dealer, issuing house
115 Prudential Securities Ltd Broker/Dealer
116 Prudential
Trust Co. Ltd
issuing house
117 Real
Laam Enterprises
Individual
Sub-Broker
118 Regency
Financings Limited
Broker/Dealer
119 Resano
Securities Limited
Broker/Dealer
120 Seasons
Trust & Investment Ltd
Portfolio
Manager
121 Seclink
Nigeria Limited
Investment
Adviser
122 Securities
Solutions Limited
Broker/Dealer
123 Securities
Trading & Invest. Ltd
Broker/Dealer
124 Sekat
Company
Individual
Investment Adviser
125 Skylimit
Investment Ltd
Corporate
Sub-Broker
126 Slamad
Securities Ltd
Corporate
Sub-Broker
127 Stacoprime
Capital Ltd
Sub-Broker
128 Stan
Consultants Nigeria
Individual
Investment Adviser
129 Standard
Alliance Insurance Plc
Underwriter
130 Stanwal
Securities Limited
Broker/Dealer
131 Stock
Investment Sec. Ltd
Corporate
Investment Adviser, Fund Manager
132 Strategy
& Arbitrage Limited
Broker/Dealer
133 Stronghold
Inv. Limited
Fund/
Portfolio Manager
134 Summa
Guaranty & Trust Co. Plc
Issuing
House, Broker/Dealer
135 Summit
Finance Co. Ltd.
Issuing
House
136 Supra
Commercial Trust Ltd
Dealer
137 Synergy
Inv. & Sec. Limited
Registrars,
Trustees, Investment Adviser, Fund/Portfolio Manager
138 T.
A. Oke
Individual
Investment Adviser
139 Taricol
Investment Ltd
Fund/
Portfolio Manager
140 TDA
Capital Management Ltd
Fund Manager
141 Treasureline
Interlink Ltd
Fund Manager
142 Truevine
Global Asset Mgt. Limited
Corporate
Investment Adviser, Portfolio Manager
143 UAC
Registrars Ltd
Registrars
144 Unic
Insurance Plc
Underwriter, Corporate
Investment Adviser, Portfolio Manager
145 Unicapital
Plc
Trustees,
Fund/Portfolio Manager, Issuing House
146 Union
Homes Savings & Loans Plc
Fund Manager
147 Unique
Venture Capital Management Co. Ltd
Venture
Capital Manager
148 UTB
Trustees Limited
Trustees
149 Ventures
& Trust Limited
Corporate
Investment Adviser, Fund Manager
150 Vileo
Capital & Asset Mgt. Ltd
Fund/Portfolio Manager
151 Visa
Investments & Sec. Ltd
Portfolio Manager
152 Vono
Product Plc
In-House
Registrars
153 Wema
Asset Management Ltd
Trustees, Issuing House,  Investment Adviser, Fund/Portfolio Manager
Broker/Dealer
154 Wema
Securities & Finance Plc
Broker/Dealer
155 Wizetrade
Capital Asset & Mgt. Ltd
Broker/Dealer
156 WT
Securities Ltd
Broker/Dealer
157 Zuma
Securities Limited
Broker/Dealer

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