[ 2011-04-16 ]

SEC to establish investment institute
Stock brokers and capital market analysts would
soon have the opportunity to upgrade their
capacities at a world class local investment
institute.

According to a capital market regulator, the
Securities and Exchange Commission (SEC), the
institute would be structured like professional
bodies such as the Charted Institute of Bankers,
Insurers and Accountants.

The SEC, as a result, has been engaging players in
the industry for their inputs.

In an interview with Joy Business, the acting Head
of the Research and Market Development at the
Commission, Robert Dowuona Owoo, said the
institution would also offer Continuous
Professional Education (CPE) to practitioners.

He said it has been the aim of SEC to ensure that
players get abreast with changes or trends within
the capital market on regular basis.

"We believe that if we are able to get this
institute up and running, it will be the home for
all securities industry practitioners and to those
who may not even want to work within the industry,
but want to understand these businesses of
securities to go through the institute. This will
be a very good opportunity for them," he said.

In a related development, one of the industry
players who welcomed the establishment of the
institute commended the initiative, saying it
would make practitioners more recognized, even at
the international level.

“It is a good idea for a start as Ghanaians will
have something to write which will be
internationally recognized,” but wondered, “My
only problem is that I think it is not internal
enough, it is more concentrated on the UK and Gulf
areas but what of the US, what of other countries
that are not accepting this kind of method?”

Another person also suggested that the ownership
structure of the institute has to include not only
persons within the security and exchange
commission, but other industry players.

Source - MyjoyOnline

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