The Chartered Institute of Stockbrokers (CIS) has urged corps mem­bers to diversify their profes­sional background by becom­ing a registered member of the CIS after fulfilling the basic requirements.
According to its Registrar and Chief Executive Officer, Mr Adedeji Ajadi, who stated this at the NYSC Orientation Camp, Iyana Ipaja, Lagos during a public awareness programme, the Institute occupies a strategic platform within the structure of the Nigerian capital market as it is pre-occupied with the training and certification of stockbrokers
The event, which was part of the NYSC Lagos State Chap­ter’s Entrepreneurship Scheme, provided platform for the Insti­tute to expose the corps mem­bers to the processes of becom­ing professional stockbroker and the benefits.
Ajadi explained that the In­stitute was established in 1990 and Chartered by Decree 105 of 1992, adding that at present, there are 1, 500 qualified mem­bers with over 14,000 registered students. He stated that mem­bers of the Institute cut across a wide spectrum of the economy including: stockbroking firms, issuing houses, Pension Fund Management institutions, bank­ing, finance houses and insur­ance companies among others.
He identified the following benefits for being a member: diverse employment opportu­nities in various sectors of the economy globally, flexibility of examination in terms of when to write it and number of courses, opportunity for foreign profes­sional certification in investment advisory services, lucrative and rewarding career, prestigious profession, self- employment with minimum capital etc.
Speaking on how to become a student member, Ajadi said the Institute had been granted an approval to run Professional Diploma in Securities and In­vestment in addition to the ex­isting Professional Qualification Scheme. He noted that the Pro­fessional Diploma in Securities is open to those with Ordinary Level Certificates; CIS approved Diplomas, university degree and Higher National Diploma hold­ers without strong background in numerate subjects and other CIS qualifications. The CIS registrar, who was accompanied by the Institute’s Assistant Director and Head of Membership, Mr. Vincent Adu­bor, explained that the institute’s functions include conducting stockbroking professional exam­inations, regulating the practice and conduct of stockbroking by regulating its members, organiz­ing seminars, workshops and symposia for members to keep them abreast of new develop­ments in the market and main­taining professional standard and discipline for the members.

CIS urges corps members to train as brokers