SEC Proposes Tough New Regulations for Online Forex and CFD Trading, with N1m Penalty per Affected Client

SEC Proposes New Rules for Online Forex Trading, Sets Capital Requirement

By Adedapo Adesanya The Securities and Exchange Commission (SEC) has proposed a new regulatory framework for online forex trading and Contracts for Difference (CFDs), setting minimum capital requirements of up to N5 billion for operators seeking to participate in Nigeria’s retail forex market. The proposed rules, issued under the Investments and Securities Act (ISA) No. […]

SEC Moves To Regulate Online Forex Trading, Targets Offshore Platforms

The Securities and Exchange Commission (SEC) has proposed new rules to regulate online forex Contract for Difference (CFD) trading in Nigeria, including services offered by offshore platforms targeting Nigerian residents. The post SEC Moves To Regulate Online Forex Trading, Targets Offshore Platforms appeared first on Trending News.

SEC proposes new forex rules, brokers may face N1m penalty per client

The Securities and Exchange Commission has proposed tougher online forex and CFD rules, including higher capital requirements, stronger investor protection.

SEC Proposes N3bn-N5bn Capital for Forex Operators

The Securities and Exchange Commission has proposed minimum capital requirements of N3 billion for forex brokers and N5 billion for trading platforms. The post SEC proposes N3 billion minimum capital for forex brokers appeared first on Business Elites Africa.

BREAKING: SEC proposes N3 billion minimum capital for forex brokers, N5 billion for trading platforms

The Securities and Exchange Commission (SEC) has proposed a new regulatory framework for online forex trading and Contracts for Difference (CFDs), setting minimum capital requirements of up to N5 billion for operators seeking to participate in Nigeria’s retail forex market. The post BREAKING: SEC proposes N3 billion minimum capital for forex brokers, N5 billion for trading platforms appeared first on Nairametrics.

SEC proposes tough new regulations for online forex and CFD trading, with N1m penalty per affected client

Nigeria’s SEC proposes new forex and CFD rules, including licensing, capital requirements, leverage limits and N1m penalties per affected client.