The Securities and Exchange Commission (SEC) has announced the suspension of Centurion Registrars Limited, along with its directors and sponsored individuals, from participating in the capital market.
This action was communicated in a statement titled “Additional Enforcement Measures on Erring Capital Market Operators.”
The SEC advised all clients of Centurion Registrars to contact Africa Prudential Plc for further guidance. This suspension is part of the commission’s ongoing efforts in 2025 to take stronger action against capital market operators found to be in violation of regulations.
In a related development, the SEC revealed plans to publish the names of capital market operators who violate market rules in its “Name and Shame” journal. This move is part of the commission’s zero-tolerance policy for market infractions and is aligned with its revised enforcement strategies.
The SEC emphasized that the publication of violators’ names will be in addition to the sanctions and penalties outlined in the Investment and Securities Act (ISA) 2007 and SEC’s rules and regulations.
Recently, the SEC also revoked the registration of Mainland Trust Limited as a capital market operator, citing non-compliance with regulations and unresolved complaints against the company.
