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04.09.2020 Business & Finance

SEC To Meet Customers Of 53 Defunct Fund Management Firms Online

SEC To Meet Customers Of 53 Defunct Fund Management Firms Online
LISTEN SEP 4, 2020

The Securities and Exchange Commission (SEC) will from September 7 meet customers of the 53 defunct fund management companies.

A statement by the SEC stated that all customers of the collapsed fund management companies will be met virtually for the first creditors meeting.

SEC in November last year withdrew the licenses of 53 fund management companies.

The SEC said the affected companies failed to return client funds which remained locked up in, contravention of the investment rules.

Attached is a copy of the statement from SEC and scheduled times to meet customers of the defunct fund management companies.

Fund Management companies statement

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