The Securities and Exchange Commission (SEC) said on Tuesday it was taking 260 entities and individuals to a special tribunal over alleged market abuse committed between 2006 and 2008."The SEC in its avowed commitment to restore investor confidence, enhance market integrity and protect everyday investors, is taking 260 entities and individuals to the Investments and Securities Tribunal," it said in a statement.
"These entities and individuals, including banks and other capital markets operators, are alleged to have been involved in price fixing, share price manipulation, fraud and insider trading," the statement said.
It did not name any of those it planned to bring before the tribunal but said it was seeking injunctions, monetary penalties and the disgorgement of profits gained through market abuse.
LOGIN
New Nigerian Newspaper
