By Ogbuotobo Chuks

Before the introduction of the current minimum paid up capital requirements for all market players in the capital market, the Securities and Exchange Commission (SEC) had given a grace period between 2004 and 2006 for every operator to recapitalise.

In 2006, a compliance audit exercise was carried out to ascertain the level of compliance by the operators. The exercise further revealed that 67 stock brokers did not comply with the exercise.

However, as at september 13,2007, the status of the stockbroking firms had changed, as the suspension on some of them were lifted, while that of others still remained unchanged. Below are a list of those who as at September 13, 2007 were still on suspension.

AAA Stockbrokers Ltd

Apex Securities Ltd

Bestlink Investment Ltd

BIC Securities Ltd

Cashville Inv. & Sec Ltd

City Financial. & Sec Ltd

City Investment Management Ltd

DBSL Securities Ltd

Dolbic Finance Ltd

Equator Stockbrokers Ltd

Folu Securities Ltd

Global Inv. & Sec. Ltd

HP Securities Ltd

IBN Securities Ltd

Indemnity finance Ltd

Jerkins Investment Ltd

Kendall Securities Ltd

Laksworth Investment & Sec. Ltd

M.L. Securities ltd

Marriot Securities & Inv. Ltd

Midlands Inv. & Trust Co. Ltd

Morgan Trust & Asset Mgt Plc

New Horizons Sec. Ltd

Nigerian International Securities Ltd

Omnisource International Ltd

Perfection Sec. & Inv. Ltd

Prudential securities Ltd

Regency Financings Ltd

Richmond Securities Ltd

Riverside Trust Ltd

Rivtrust Securities Ltd

Sikon Securities Ltd

Source Finance & Trust Ltd

Thomas kingsley Sec. Ltd

TMB Securities Ltd

Visa Investments & Sec. Ltd

Zuma Securities Ltd.

Please check the above list and confirm that your funds are not being managed by any of the above listed stock brokers, unless they have been cleared by SEC with proof.