Tag: Rev Ogbarmey Tetteh
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Validation still ongoing to pay Fund Management customers – SEC
The Securities and Exchange Commission (SEC) says it hopes to, in the near future, begin payment of outstanding validated claims of clients of some of the 53 fund management companies who got their licenses revoked in November 2019. The 53 fund management companies that have lost their licenses were said to be managing a customer…
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Hundreds rendered jobless after SEC’s closure of struggling fund managers
The Securities and Exchange Commission’s decision to withdraw the licenses of struggling fund management companies has immediately rendered 249 people jobless; a figure which could exceed 1,200. Although the SEC mass shutdown exercise involved 53 fund management companies, 21 firms had already ceased operations with the remaining 32 still in operation at the time their…
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SEC urges businesses to explore financing opportunities on capital market
The Securities and Exchange Commission (SEC) has asked business owners to look beyond traditional banking for medium and long term credit support. According to the commission, although the capital market provides a lot of funding opportunities, only a few businesses turn to it to raise funds for their operations. “Traditionally, Finance Managers often resort to…
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Minerals Commission summons owners of Golden Empire Legacy over gold business
Citi Business News has gathered the owners of Golden Empire Legacy Limited have been invited by the Minerals Commission for interrogations over their current operations which is being promoted on social media. Citi Business News’ checks at the Minerals Commission also revealed that Golden Empire Legacy Limited has been licensed by the commission to buy…