Showing posts with label GENESIS INVESTMENT SECURITIES LTD SCAM. Show all posts
Showing posts with label GENESIS INVESTMENT SECURITIES LTD SCAM. Show all posts

Tuesday, September 11, 2007

SUSPENSION OF GENESIS INVESTMENT SECURITIES LTD

The Commission has suspended Genesis Investments Securities Limited, a stock-broking company, from all capital market activities until further notice.
The suspension is as a result of the unauthorized sale of 400,000 units of First Bank of Nigeria Plc, 40,000 units of Cadbury Nigeria Plc and 20,027 units of African Petroleum Plc shares belonging to an investor.
The suspension which took effect from July 18, 2007, will remain in force until the investor is fully restituted.

Signed
Management
SECURITIES AND EXCHANGE COMMISSION PUBLIC NOTICE