SEC Calms Tension In The Capital Market

The suspension of the recapitalisation exercise of stock broking firms by the Securities and Exchange Commission (SEC) is showing positive signals in the market. Already, prices of stocks have started moving up and the development is expected to herald more changes, writes Akinola Ajibade The Securities and Exchange Commission (SEC) had by last week’s decision to suspend the recapitalisation of stockbroking firms and Issuing Houses stimulated changes in the nation’s capital market. The suspension has brought about a marginal increase in the prices of stocks and it is expected to further inspire changes in the operations of the market.