Which of the following regulates and controls the activities of the Nigerian Stock Exchange?
Answer Details
The regulatory body that oversees and controls the activities of the Nigerian Stock Exchange is the Securities and Exchange Commission (SEC). The SEC is a government agency that is responsible for regulating and supervising the Nigerian capital market, including the stock exchange. Its main function is to protect investors and maintain fair, efficient, and transparent markets. The SEC establishes rules and regulations for market participants, including issuers of securities, brokers, and other market intermediaries. It also monitors compliance with these rules and investigates any violations of securities laws. Overall, the SEC plays a vital role in ensuring the integrity and stability of the Nigerian Stock Exchange and the broader Nigerian capital market.