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Investor Information

The investing public is hereby informed that it is a requirement of the Securities Act, Cap 354 of the Laws of Zambia, that all financial intermediaries conducting securities business such as dealing in securities and/or providing investment advisory services in Zambia must be licensed unless otherwise properly exempt by law. Therefore, before any person conducts securities business in Zambia, that person must obtain an appropriate licence from the Securities and Exchange Commission [SEC]. SEC, established under the said Act as the regulator and supervisor of the securities industry in Zambia, is the licensing authority for securities business.

Licensees are further required by law to display their licences prominently at their business premises. Be warned that you should only give instructions to licensed persons, as placing your hard earned financial assets and other interests with unlicensed persons places your investment at great risk. When in doubt of the licensing status of any person offering you securities business please consult the SEC.

The investing public is hereby informed that the following firms and individuals are the persons who are licensed to conduct the type of securities business appearing in their respective licence categories for 2008.

Securities laws require brokers, investment advisers, and their firms to be licensed, and to make important information public. But it's up to you to find that information and use it to protect your investment Kwacha. The good news is that this information is easy to get, and one phone call or web search may save you from sending your money to a con artist, a bad financial professional, or disreputable firm.

Before you invest or pay for any investment advice, make sure your brokers, investment advisers and investment adviser representatives have not had run-ins with regulators or other investors. You also should check to see whether they are licensed.

This is very important, because if you do business with an unregistered securities broker or a firm that later goes out of business, there may be no way for you to recover your money — even if an arbitrator or court rules in your favor

Brokers and firms
The securities and Exchange Commssion has a database that contains information about most brokers, their representatives, and the firms they work for.

Investment Advisers

People or firms that get paid to give advice about investing in securities generally must be licenced with the SEC where they have their principal place of business. Investment advisers must be licenced with the SEC.

Some investment advisers (Company) employ investment adviser representatives, the people who actually work with clients. These people must be licensed with SEC to do business with you. So be sure to check them out with SEC.

To find out about investment advisers and whether they are properly Licenced