Tag: defunct fund management companies
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Pay our locked-up cash within one month – Customers of defunct GCFM
The Coalition of aggrieved customers of Gold Coast Fund Management has issued a one-month ultimatum to government to pay their locked-up funds or face their wrath. According to them, government has unjustifiably delayed their payment after their funds were locked up three years ago. Addressing the media in Accra, the spokesperson of the group, Charles…
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Official Liquidator to have investor class meeting with customers of defunct FMC’s
The Official Liquidator for the defunct Fund Management Companies (FMC’s) will on Friday, July 2 have an investor class meeting with customers of some defunct FMC’s. A statement issued by the Registrar-General, Jemima Oware, stated that “all the creditors of the under-listed companies are being invited to a Virtual First Creditors meeting on the scheduled…
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Registrar General to release payment plan for clients of 20 FMCs this week
The Registrar General, Jemimah Oware, says she will divulge the exact details of governments’ bailout package in virtual meetings with creditors who qualify as investors of the defunct 20 fund management companies under official liquidation, on the 15th and 16th of September. Customers of the 20 companies have been incessantly calling for details on the…
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Registrar-General to meet creditors of defunct fund managers via virtual meeting
The Registrar-General and official Liquidator for the collapsed Fund Management Companies (FMCs) is set to hold virtual meetings with creditors of the collapsed institutions. The meetings will be held from Monday, September 7 to Friday, September 11, 2020. It will include customers of 20 out of 53 defunct fund management companies whose licenses were revoked…
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Registrar-General begins official liquidation of 20 defunct fund management firms
The Registrar-General and Liquidator for the collapsed Fund Management Companies has begun official processes to liquidate 20 out of 53 firms whose licenses were revoked by the Securities and Exchange Commission (SEC) in November 2019. It follows a High Court order for the formal winding up of the companies. To this end, creditors of 20…
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Enough of the validation; pay us our money – Customers of defunct Fund Managers tell SEC
The Coalition of Aggrieved Customers of Collapsed Fund Management Companies is asking the Securities and Exchange Commission (SEC), to concurrently carry out the proposed validation process of their claims alongside payment of locked up funds. It was the expectation of the affected customers that they would receive their monies as government started paying customers of…