SEC plans sanction for issuing houses over bank recapitalisation rule violations
![SEC plans sanction for issuing houses over bank recapitalisation rule violations](https://cdn.punchng.com/wp-content/uploads/2016/10/04131612/Security-and-Exchange-Commission-SEC-e1475583384273.jpg)
To ensure compliance with banking sector recapitalisation guidelines, the Securities and Exchange Commission has threatened to impose a N1m penalty on banks if they fail to submit complete capital raise applications. In a statement made available to The PUNCH on Friday, it was stated that banks must adhere to certain norms and procedures to acquire
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