The Securities and Exchange Commission (SEC) has suspended Centurion Registrars Limited, along with its directors and sponsored individuals, effectively barring them from operating in the capital market.
The decision was announced in a statement titled “Additional Enforcement Measures on Erring Capital Market Operators.”
The commission advised clients of Centurion Registrars to seek assistance from Africa Prudential Plc. “All clients of Centurion Registrars are advised to contact Africa Prudential Plc for guidance,” the SEC stated.
This action is part of the SEC’s broader initiative in 2025 to clamp down on market operators found guilty of regulatory violations or illegal activities.
In addition, the commission revealed plans to publish the names of non-compliant capital market operators in its “Name and Shame” journal, reinforcing its commitment to transparency and accountability.
“The publication will be in addition to the sanctions and penalties for the respective infractions prescribed in the ISA 2007 and the SEC rules and regulations,” the commission stated.
The SEC stressed that these enforcement measures reflect its zero-tolerance policy for market infractions and aim to uphold the integrity of the financial sector.
Meanwhile, in a related move, the SEC recently revoked the registration of Mainland Trust Limited as a capital market operator due to regulatory non-compliance and unresolved complaints against the company.
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