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Tag Archives: SEC

Here are the business fails of 2020

Just like starting a business is hard, maintaining, and ensuring due diligence can be quite tough when certain regularities are not strategically put in place. Thus the organized efforts and activities of individuals are essential to ensure the survival of an entity. Below are some major business fails in Ghana …

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SEC issues new minimum capital requirement for operators

The Securities and Exchange Commission (SEC) has on Tuesday, October 13 issued new capital requirements for market operators in the Ghanaian capital market industry. The new directive in accordance with Section 209 of the Securities Industry Act 2016, (Act 929) is in line with the Commission’s mandate of regulating and …

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SEC’s statement on Blackshield misleading – Groupe Nduom

Groupe Nduom Limited has reacted to the Securities and Exchange Commission’s revocation of licenses of 53 fund management companies, which includes Blackshield Capital Management (formerly Gold Coast Fund Management). According to Groupe Nduom, the entity representing the interests of the majority shareholders and founders of Blackshield, the SEC’s assertion that …

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SEC to revoke licences of more investment banks

The Securities and Exchange Commission (SEC) will soon shut down some investment firms operating in the country after it completes an ongoing forensic audit of some 21 investment companies, the Deputy Director-General of SEC has disclosed. According to Paul Ababio, who refused to give further information on these firms, SEC …

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