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Investors in the Nigerian capital market have been assured of the safety of their investments as the tripartite regulatory framework of Securities and Exchange Commission (SEC), Nigerian Stock Exchange (NSE) and the Association of Stockbrokers of Nigeria is potent enough to prevent unethical practices in the market and bring to book any erring operator.  The assertion was made by the managing director/chief executive officer of BGL Securities Limited, Cornelius Oboh recently during a courtesy visit to Oba of Benin, HRM Omo Noba Nedo Uku Akpolokpolo, Oba Erediauwa in his palace by the top management of BGL Securities Limited to mark the opening of its Mid-West regional office in the ancient city of Benin, as part of the BGL Group’s expansion programme which commenced last year. 
Reacting to the recent developments in the capital market, the BGL Securities boss noted that investors’ interest remains paramount in the calculations of the regulatory authorities that “are determined to stamp out unprofessional conduct in the capital market”. 
Oboh disclosed that both the SEC and NSE had adequate machinery in motion to bring to book any market operator who ran foul of the laid down guidelines and regulations guiding the market, stressing that the recent AP shares manipulation in which Nova Investment and Securities Limited was suspended for a year and individuals concerned in the scam sanctioned was an indication of the regulatory authorities’ resolve to sanitise the market. 
Speaking in the same vein, the company’s Deputy Managing Director, Mid-West & Eastern region operations, Tony Nwozor, maintained that such unwholesome practices were not peculiar to the Nigerian capital market, noting that a capital market player in the United States of America was recently jailed for diverting undiscerning investors’ funds worth several billions of dollars. 
He held that at the operators level, the association of stockbrokers in the country always frowned at any of its members found wanting, as erring members risk forfeiting their operating licences if found guilty of unprofessional conduct inimical to investors’ interest. 
Nwozor however urged the investing public not to be discouraged by the present global economic meltdown, stressing that only the resilient investors would reap bountifully from the depression when the market finally records its full recovery. 
According to him, it would not be a wise investment decision to continue to off load shares due to the present realities, stressing that at the end of the economic recession, investors would enjoy capital appreciation as all the market fundamentals for strong stocks are inherent in the nations’ blue chips. 

He explained that the global economic meltdown that started in March 2008 has eroded investors’ confidence and has led to investment disillusionment in the capital market. “But I must add that in the middle of the meltdown, there are abundant opportunities in the market”, he said, stressing that the market has started a gradual recovery process which would be steady for sometime before a full recovery could be attained. 

He noted that the erosion of share price by the economic meltdown should not be mistaken for erosion of assets, stressing that the institutions on the Nigerian Stock Exchange still have strong fundamentals to give investors bumper yields on their investments. ‘But those who are able to endure the present trying period would reap bountifully well when the storm is all over”, he said