Just in: SEC revokes license of Gold Coast Securities, 52 others

Share this

The Securities and Exchange Commission (SEC) has revoked the licence of Gold Coast Securities and 52 other Fund Management Companies.

The action is in pursuant to Section 122(2) (b) of the Securities Industry Act, 2016 (Act 929).

The revocation of the licences of the companies, according to a statement copied to Adomonline.com has become necessary to ensure that market operators with infractions and/r complaints are removed from the industry to protect current and future investors.

“Efforts by the SEC to get directors of the affected firms to resolve regulatory Breaches identified over the periods have not yielded positive results” the statement said.

More soon..


Source: adomonline.com

Share this

Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.