Tag Archives: SEC

The spokesperson of the Coalition of Aggrieved Customers of the 53 Collapsed Fund Management Companies, Mr Charles Nyame and one other person, have been arrested for unlawful picketing. Members of the coalition besieged the premises of the Ministry of Finance on Tuesday, 1 September 2020 to stage a protest in …

The Securities and Exchange Commission (SEC) has asked customers of the collapsed fund management firms to visit CBG branches from Tuesday to validate their documents in order to receive payments. According to the Deputy Director-General for SEC Paul Ababio, customers will receive text messages showing them the processes to receive …

Listen to the Audio below A distraught customer of First Banc Financial Services at the Airport residential area in Accra has shared his frustrations after the closure of 53 struggling fund management companies by the Securities and Exchange Commission. The aggrieved customer of the now-defunct financial firm told Joy News’ …

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 …

The Securities and Exchange Commission (SEC) has revoked the licenses of 53 Fund Management Companies. SEC, in a statement explained that the revocation follows the companies’ failure to “return client funds which remain locked up and in a number of cases, have even folded up their operations.” “Essentially, they have …

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 …

The Securities and Exchange Commission (SEC) has said there is no guarantee that the locked up funds of customers of defunct gold dealership company, Menzgold could be retrieved anytime soon. Addressing a Press conference today in Accra, the Director-General of the SEC, Rev. Daniel Ogbarmey Tetteh said not much can …