SEC Suspends Heritage Capital For Unauthorized Sale of Shares Belonging to An Investor


The Security and Exchange Commission, SEC has just issued the following press release.

Press Release

The Securities and Exchange Commission (“SEC”) on Wednesday December 21, 2016 suspended Heritage Capital Markets Ltd together with its Directors and Sponsored Individuals in connection with the unauthorized sale of shares belonging to an investor and its refusal to comply with the Commission’s directives in that regard.

In view of the above, the general public is hereby INFORMED that the suspension is indefinite and shall remain in force pending the resolution of the matter against the Operator.

 

Here is the list of the directors of the Heritage Capital.

Chairman – Ibironke Mojisola Osiyemi (Chairman)

Mr. Chidi Onyeukwu Ajaegbu (MD/CE)

Dr Elijah Oguobi Ogbuokiri

Prof. Emmanuel Emenyonu

Oluseyi Olanrewaju

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

What others say about : SEC Suspends Heritage Capital For Unauthorized Sale of Shares Belonging to An Investor..


Xanthos

Ibironke Osiyemi? A former ICAN president? well the sale of shares is an operational issue not strategic, still the board are vicariously liable….

What's your say?