ABOUT ASSOCIATION OF STOCKBROKING HOUSES OF NIGERIA
The following guidelines are proposed in an effort to maintain and foster good reputation and high standards of the Nigerian securities business.
Clients effecting securities transactions must be able to rely on receiving a professional, fair and transparent service.
This code of conduct constitutes the professional ethics for stockbroking firms, subject to the rules of the Securities and Exchange Commission. It substantiates the duties of disclosure, due diligence and trust as set forth in the rules and regulations of The Nigerian Stock Exchange and Securities and Exchange Commission.
This code obliges stockbroking firms to ensure efficient business organization, professional training and compliance to rules appropriate to their corporate structure and activities.
Stockbroking firms must disclose their services to the effect that their clients are able to assess adequately the rights and duties arising from securities transactions as well as special risks inherent in particular types of securities transactions. The code of conduct does not otherwise affect the legal relationship between the stockbroking firms and their clients, which is governed by the stock exchange under the supervision of Securities and Exchange Commission.