Tag: Blackshield Capital Management Limited
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Two Blackshield customers arrested over ‘unlawful gathering’ at Registrar General’s office
Two members of the Coalition of Aggrieved Fund Management Customers have been arrested for picketing at the Registrar General’s office. This comes barely a day after the aggrieved customers held a press conference to drum home their concerns to the government about the non-payment of their locked-up funds. The group made up of over 150…
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Pay us now and deal with court issues later – Customers of Blackshield to SEC
Some disgruntled customers of defunct Gold Coast Fund Management Limited, now Blackshield Capital, want government to find ways to pay them their locked up funds regardless of the outstanding legal issues. The calls come following the Securities and Exchange Commission’s recent announcement that no affected fund management firm customer will be excluded in government’s bailout…
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No one will be left out in bailout for clients of defunct fund managers – SEC clarifies
The Securities and Exchange Commission, SEC, has clarified that no customer will be excluded in government’s bailout package for persons whose funds have been locked-up in the 53 defunct fund management companies since November 2019. Earlier indications were that only customers of 22 defunct companies were going to benefit in the first phase due to…
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Angry clients of defunct Fund Management firms arrested for picketing at Finance Ministry
Three members of the Coalition of Aggrieved Customers of the defunct 53 Fund Management Companies were on Tuesday, September 1, arrested for leading a protest at the premises of the Finance Ministry. Members of the group thronged the Ministry of Finance on Tuesday, September 1, 2020, to protest over the exclusion of clients of Blackshield…
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Our clients must also benefit from bailout package – BlackShield Capital Limited
The Management of BlackShield Capital Limited is unhappy that its clients will not benefit from the government’s bailout package for customers of the 53 defunct Fund Management Companies (FMCs). Government will in the coming days announce a bailout package in the form of social intervention for customers whose funds were locked up in collapsed fund…
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SEC upholds revocation of ‘Gold Coast Fund Management’s’ license; restores some and suspends others
The Securities and Exchange Commission, SEC, has sustained the revocation of the license of Blackshield Capital Management Limited, formerly Gold Coast Fund Management Limited following the completion of work by the Commission’s Administrative Hearings Committee. A circular, published on the website of the SEC said four other companies have had their revocations sustained after they…