By Dipo Olowookere
Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr Oscar Onyema, yesterday charged the newly inducted authorised dealing clears to uphold the high ethics and values for which the exchange and the capital market are renowned.
On Monday, July 15, 2019, a total of 46 new stockbrokers were inducted after going through rigorous trainings at the Chartered Institute of Stockbrokers (CIS) and the NSE.
During their induction yesterday, Mr Onyema reminded the new stockbrokers of the highest level of ethics and sense of responsibility expected from them from time to time as they have engagements with investors at the nation’s stock and capital markets.
“Today’s ceremony is not just a celebration, it marks a call to stand tall in integrity, to be impeccable in character, to be professional in service and to uphold the high ethics and values for which the exchange and the capital market are renowned. That is the big hurdle that you must cross effortlessly in your daily practice of this profession,” the NSE chief told the authorised dealing clerks, who swore to abide by the rules of the market.
Speaking further, Mr Onyema emphasised that, “NSE has clear and enforceable rules and operates with a zero tolerance policy on all infractions.
According to him, “The NSE will support the inductees in developing their capacity. However, if infractions occur, NSE will not hesitate to wield the axe on any erring member that falls short on any of its rules.”
Mr Onyema also advised the new clerks to stay relevant in today’s dynamic environment, emphasizing that continuous training is a tool that should not be underestimated, noting that the exchange established X-Academy to provide education to individuals who wish to improve their understanding of various aspects of the capital market.
“I urge you to take advantage of this platform, especially the recently launched e-learning platform, to stay up to date on market developments,” he added.
Present at the ceremony was the doyen of stockbrokers, Mr Rasheed Yussuf, who called on the newly inducted dealing clerks to let their words be their bond, saying “this would engender confidence and growth of your respective organizations and the capital market at large.”
Business Post gathered that out of the 53 candidates who had passed the CIS examination and went through the mandatory practical Automated Trading System (ATS) training at the NSE, only 46 passed the final oral examination at the exchange.
Adedapo Adesanya