Tag: Paul Ababio
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Fund management customers threaten to vote against Akufo-Addo over unpaid funds
Members of a group calling itself the Coalition of Aggrieved Fund Management Customers have given government by close of July to pay all locked up funds due them or face their wrath. In March this year, the Deputy Director-General of the Securities and Exchange Commission, SEC, Paul Ababio, told Citi Business News investors of the…
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Customers of defunct fund managers will be paid after verification – SEC assures
The Deputy Director-General of the Securities and Exchange Commission, SEC, Paul Ababio, says investors of the collapsed fund management companies would soon have access to their funds when their claims are successfully validated. This follows renewed concerns over the silence of the capital market regulator which revoked the licenses of some 53 fund management companies…
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We’ve not blocked Menzgold’s dividend payments – SEC
The Securities and Exchange Commission (SEC) has denied reports by gold dealership Company, Menzgold, that it has stopped it from paying dividend on its gold vault business to customers. SEC says its decision was rather to stop Menzgold from taking deposits on that particular service. But Menzgold insists it is unable to pay their customers their…