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Companies Facing Enforcement Action
(January, 2007 to March, 2011)

S/N Name of Company Nature of
Enforcement action 		Reason Date of
Suspension 		Remarks
1 Sikon
Securities Limited 		Suspension Unauthorised
sale of clients shares 		November
2,2009 		Still
in force
2 Fortress
Capital Limited 		Suspension(Now
lifted) 		Unauthorised
sale of shares belonging to client. 		March
4,2011 		Suspension
was been lifted on July 13, 2011
3 Monument 
Securities & Finance Limited 		Suspension Unauthorised
sale of shares belonging to client. 		March
4,2011 		Suspension
was lifted on June 12, 2015
4 Midland
Capital Market Limited 		Suspension Failure
to pay client return on investment and part of the principal sum invested. 		March
15,2011 		Still
in force
5 Foresight
Securities and Investment Limited 		Suspension Breach
of share purchase and resell agreement entered into with client 		March
4,2011 		Still
in force
6 AAA
Stockbrokers Limited 		Suspension Unethical
capital market conduct 		Apr-06 Closed
business
7 Beachgrove
Securities Limited 		License
revoked 		Unethical
capital market conduct 		2007 Closed
business
8 Akitorch
Securities Limited 		License
revoked 		Unethical
capital market conduct 		2007 closed
business
9 Midlands
Investment and Trust Co. Ltd. 		Suspension Yet
to pay penalty for non-rendition of quarterly returns 		June
8,2010 		Still
in force
10 Mayfield
Investment Ltd. 		Suspension Yet
to pay penalty for non- rendition of quarterly returns 		June
8,2010 		Still
in force
11 Epic
Investment Ltd. 		Suspension Yet
to pay penalty for non-rendition of quarterly returns 		June
8,2010 		Still
in force
12 Zuma
Securities Ltd. 		Suspension Yet
to pay penalty for non-rendition of quarterly returns 		June
8,2010 		Still
in force
13 SLAMAD
Securities Ltd 		Suspension Yet
to pay penalty for non-rendition of quarterly returns 		June
8,2010 		Still
in force
14 Dolbic
Finance Ltd 		Suspension Yet
to pay penalty for non-rendition of quarterly returns 		June
8,2010 		Still
in force
15 IMTL
Securities  Ltd 		Suspension Yet
to pay penalty for non-rendition of quarterly returns 		June
8,2010 		Still
in force
16 Tropics
Securities  Ltd 		Suspension Yet
to pay penalty for non-rendition of quarterly returns 		June
8,2010 		Still
in force
17 Wema
Securities & Finance Plc 		Suspension Yet
to pay penalty for non- rendition of quarterly returns 		May
10,2010 		Still
in force
18 New
Horizon Securities  Ltd 		Suspension Yet
to pay penalty for non-rendition of quarterly returns 		June
8,2010 		Still
in force
19 Lynac
Securities  Ltd 		Suspension Yet
to pay penalty for non- rendition of quarterly returns 		June
8,2010 		Still
in force
20 Indemnity
Finance Ltd 		Suspension Yet
to pay penalty for non- rendition of quarterly returns 		June
8,2010 		Still
in force
21 Global
Investmentand Securities  Ltd 		Suspension Yet
to pay penalty for non- rendition of quarterly returns 		June
8,2010 		Still
in force
22 IT
IS Securities  Ltd 		Suspension Yet
to pay penalty for non-rendition of quarterly returns 		June
8,2010 		Still
in force
23 HP
Securities Ltd 		Suspension Yet
to pay penalty for non-rendition of quarterly returns 		June
8,2010 		Still
in force
24 Folu
securities Ltd 		Suspension Yet
to pay penalty for non- rendition of quarterly returns 		June
8,2010 		Still
in force
25 First
Marina Trust Ltd 		Suspension Yet
to pay penalty for non- rendition of quarterly returns 		June
8,2010 		Still
in force
26 Equator
Stockbrokers Ltd 		Suspension Yet
to pay penalty for non rendition of quarterly returns 		June
8,2010 		Still
in force
27 City
Finance and Securities Ltd 		Suspension Yet
to pay penalty for non- rendition of quarterly returns 		June
8,2010 		Still
in force
28 Riverside
Trust Ltd 		Suspension Yet
to pay penalty for non –rendition of quarterly returns 		June
8,2010 		Still
in force
29 Peak
Securities  Ltd 		Suspension Yet
to pay penalty for non- rendition of quarterly returns 		June
8,2010 		Still
in force
30 Omnisource
Intl. Ltd 		Suspension Yet
to pay penalty for non- rendition of quarterly returns 		June
8,2010 		Still
in force
31 Professional
Stockbrokers Ltd 		Suspension Yet
to pay penalty for non- rendition of quarterly returns 		June
8,2010 		Still
in force
32 Kingsway
Securities Ltd 		Suspension Yet
to pay penalty for non rendition of quarterly returns 		June
8,2010 		Still
in force
33 Richmond
Securities Ltd 		Suspension Yet
to pay penalty for non- rendition of quarterly returns 		June
8,2010 		Still
in force
34 Niche
Securities Ltd 		Suspension Yet
to pay penalty for non- rendition of quarterly returns 		June
8,2010 		Still
in force
35 Viva
Securities Limited 		License
revoked 		Unethical
Capital Market practices 		2007 Closed
business
36 Halsec
Securities Limited 		License
revoked 		Unethical
Capital Market practices 		2007 Closed
business
37 Asset
Plus Securities Limited 		License
revoked 		Unethical
Capital Market practices 		2007 Closed
business
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  7. C.F.E.A. (Jan, 2007 to Mar, 2011)
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