Behavioral Economics Commons^™

The Role Of Regulatory Bodies In Capital Market Development: The Nigerian Experience., George Akamiokhor

Bullion

This paper examined the need for capital market regulation which is motivated by the desire to protect the investing public from malpractices, instil confidence in the system and ensure financial market and economic stability which are pivotal to economic growth and development. History has shown that inadequate or absence of regulation is detrimental to the capital market as it encourages sharp practices by participants. Regulatory agencies are therefore necessary to police activities in the market with the aim of preventing or minimizing abuses which might mar investors’ confidence, the market's integrity and stability. As financial markets get liberalized, market participants …