The Securities and Exchange Commission (SEC) has announced plans to publicly identify capital market operators (CMOs) who breach market regulations.
In a notice posted on Sunday via its official X account, SEC stated it will publish the names of offending CMOs in a “name and shame” journal as part of efforts to uphold market integrity and strengthen investor confidence.
“Stakeholders and the general public are hereby informed that henceforth, the names of CMOs found to have violated market laws or regulations will be published in the Commission’s ‘name and shame’ journal,” the notice read.
The publication of offenders’ names will be in addition to penalties outlined in the Investments and Securities Act (ISA) 2007 and SEC Rules and Regulations. The commission described the move as part of its zero-tolerance approach to market infractions, aimed at ensuring strict compliance with regulatory guidelines.
The initiative follows recent actions against non-compliant entities, including the suspension of Centurion Registrars Limited and its directors from all capital market activities on March 14, 2025, over unresolved complaints. SEC also revoked Mainland Trust Limited’s registration due to regulatory violations.
