Tag: Coalition of Aggrieved Customers of Collapsed Fund Management Companies
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Customers of defunct fund management firms welcome partial payment plan
The Coalition of Aggrieved Customers of the 50 Collapsed Fund Management Companies has welcomed the government’s directive to the Securities and Exchange Commission, for a partial bailout to be provided to affected customers of companies that are not under official liquidation. In a press statement released on Wednesday, the SEC stated that government had authorized…
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Customers of fund management companies sceptical about SEC’s plans to pay locked up cash
The Coalition of Aggrieved Customers of Collapsed Fund Management Companies has downplayed the recent announcement by the Securities and Exchange Commission that payment processes for some affected customers will begin in September 2020. According to them, government’s intention to pay clients of the twenty-two (22) companies currently under official liquidation is not right as clients…
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‘Reinstated’ Fund Managers must have money to pay us – Customers tell SEC
The Coalition of Aggrieved Customers of Collapsed Fund Management Companies is calling on the Securities and Exchange Commission to ensure that any company whose license is restored, is liquid enough to pay clients back their locked-up investments. This follows an announcement by the Chief Executive Officer of the Securities and Exchange Commission, Rev. Daniel Ogbamey…