Enforcement Action

PUBLICATION POLICY OF THE SEC REGARDING THE RETENTION OF THE DETAILS OF ENFORCEMENT ACTION ON THE SEC WEBSITE :

            
    • Convictions – Indefinite
    • Compounding – Three years from the date of compounding
    • Warning – One year from the date of warning

INSIDER DEALING

  • Offences compounded against 14 persons

  • Warning letters issued to 6 persons


  • MARKET/PRICE MANIPULATION

  • Litigation pending against 1 person

  • Offences compounded against 17 persons

  • Warning letters issued to 6 persons


  • FRONT RUNNING

  • Offence compounded against 1 person

  • Warning letters issued to 2 persons


  • FAILURE TO IMMEDIATELY DISCLOSE MATERIAL INFORMATION

  • Convictions against 4 persons

  • Offences compounded against 18 persons

  • Warning letters issued to 3 persons


  • NON-PROVISION OF INFORMATION AND PROVISION OF FALSE AND/OR MISLEADING INFORMATION TO THE SEC

  • Offences compounded against 3 persons

  • Warning letter issued to 1 person


  • SUBMISSION OF FALSE/FICTITIOUS FINANCIAL STATEMENTS TO THE CSE

  • Conviction against 1 person

  • Offence compounded against 1 person


  • VIOLATING THE PROVISIONS OF THE COMPANY TAKEOVERS AND MERGERS CODE

  • Offence compounded against 1 person




  • SYNOPSIS OF THE ENFORCEMENT ACTION THUS FAR TAKEN BY THE SEC