The Securities and Exchange of Commission (SEC) has assured aggrieved customers of Black Shield Fund Management, formerly called Gold Coast Fund Management that their locked up capital will be paid back to them.
It says it is working to ensure that the locked-up investments of clients are retrieved.
The customers on Tuesday embarked on a protest to express their displeasure over the failure of the management of the company to pay their monies.
Speaking to Citi News, Head of Policy and Research at the Securities and Exchange Commission, Ashong Katai indicated that the Commission was committed to ensuring that customers of the Gold Coast Fund Management get back their cash.
“We can revoke the license of Gold Coast and do other things but will that solve the problem? The underlying problem is client money. That is the crust of the matter. We can arrest the directors but will they get the money? We want the clients to get their monies back because if investors lose their monies, market confidence will crash. And when confidence is crashed, the whole capital market will crash and we don’t want to get there.”
---citinewsroom
Akufo-Addo commissions Phase II of Kaleo solar power plant
NDC panics over Bawumia’s visit to Pope Francis
EC blasts Mahama over “false” claims on recruitment of Returning Officers
Lands Minister gives ultimatum to Future Global Resources to revamp Prestea/Bogo...
Wa Naa appeals to Akufo-Addo to audit state lands in Wa
Prof Opoku-Agyemang misunderstood Bawumia’s ‘driver mate’ analogy – Miracles Abo...
EU confident Ghana will not sign Anti-LGBTQI Bill
Suspend implementation of Planting for Food and Jobs for 2024 - Stakeholders
Tema West Municipal Assembly gets Ghana's First Female Aircraft Marshaller as ne...
Dumsor is affecting us double, release timetable – Disability Federation to ECG
