Tag: Securities and Exchange Commission
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Customers of Nordea Capital demand payment of locked-up investment
Some customers of Nordea Capital, an investment bank licensed by the Securities and Exchange Commission, this morning besieged the premises of the company near Kawukudi Junction in Accra to demand their locked up investment. The customers say they have tried and failed severally despite attempts to get their monies back through the regulator, SEC. “For…
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SEC freezes issuance of new fund management licenses
The Securities and Exchange Commission (SEC) has placed a six-month moratorium on the issuance of new fund management licensing as it begins processes to overhaul the licencing regime as well as clean up troubled sector. A release issued by the Commission stated that it will, however, continue to review applications for renewals for existing Fund…
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SEC in talks to improve liquidity among fund and asset managers
The Securities and Exchange Commission has stated that it is in talks with stakeholders in the securities market to boost liquidity in that sector. SEC in a statement issued today said it is committed to regulating and promoting the growth and development of an efficient, fair and transparent securities market in which both investors and…
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EIU predicts shutdown of investment banks this month
Economist Intelligence Unit (EIU) a global business intelligence provider is predicting a number of struggling investment banks will be shut down this month by the Securities and Exchange Commission. SEC has been probing a number of investment firms for the misapplication of some GH¢5 billion in risky investments. Deputy Director-General at the Securities and Exchange…
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SEC commences forensic investigations into 21 investment firms
The Securities and Exchange Commission (SEC) has disclosed that it is currently conducting a forensic audit into the operations of about twenty companies within the securities market. Deputy Director-General of the SEC, Paul Ababio tells Citi Business News the exercise should inform the next line of action in eliminating non-compliant companies and protect investor funds.…
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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…
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Investment market to get new cyber security laws
The Securities and Exchange Commission (SEC) has told Citi Business News it will within the coming months, issue new directives that will deal with cyber fraud cases within the investment market. The Director General of the SEC, Daniel Ogbarmey Tetteh explains that the exercise is to reduce the amount of money lost to the crime…
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Meridian Marshall to list on GAX
Barring any last minute hitches, the Ghana Alternative Market (GAX) will see its first listing by the end of this year. Director-General of the Securities and Exchange Commission, Adu Anane Antwi tells Citi Business news ‘GAX will see its first listing by the beginning of the last quarter of this year’. This follows the submission…