Audio By Carbonatix
The Securities and Exchange Commission (SEC) has revoked the licenses of five investment companies.
Customers transact business with Georgetown Capital Partners Ltd, Equity Capital Ltd, Index Analytics Ltd, DM Capital Ltd and Oxygen Advisory Ltd at their own risk, according to the regulator.
SEC revoked their licenses pursuant to Section 122 of the Securities Industry Act, 2016 (Act 929).
The companies are not mandated to carry out any Fund Management activities, the Commission said.
“The Commission hereby assures all investors, market operators and the general public that it is committed to ensuring rigorous enforcement of all the rules for operators in the capital market as spelt out in its core mandate,” it said in a statement.
The Securities and Exchange Commission is the statutory body mandated by the Securities Industry Act to promote the orderly growth and development of an efficient, fair and transparent securities market in which investors and the integrity of the market are protected.
The general public is also advised to contact the Commission on its Toll-free number: 0800-100-065 for any further clarification.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Afenyo-Markin’s influence is limited by minority numbers in Parliament – Haruna Iddrisu
5 seconds -
Police administration is doing a yeoman’s job – President Mahama
3 minutes -
GoldBod tells PAC Bank of Ghana authorised its foreign exchange transactions
3 minutes -
GCB customers call for more frequent engagement with bank leadership
8 minutes -
Dark Signals: The death trap of non-functioning traffic lights along Asokwa-Aputuogya Road
10 minutes -
80–90% of gold purchased and exported is now refined in Ghana– Sammy Gyamfi
28 minutes -
Dichemso M/A teachers go house-to-house to get absent pupils back to class after strike suspension
31 minutes -
Meet Dr Hazel and Nhyira: Mother and daughter called to the Ghana Bar
33 minutes -
Black Star Fashion Week: Can Ghana turn the runway into a tourism attraction?
34 minutes -
Ghana sends 61 health workers to Grenada under Labour Export Programme
46 minutes -
Central banks should avoid reacting too strongly to headline inflation – IMF
53 minutes -
Kumasi: One injured, shops destroyed in Atasemanso fire in Kumasi
1 hour -
Global economy proving resilient, growth projected at 3.1% in 2026 – IMF
1 hour -
NDC targets all 6 parliamentary seats in Ahafo Region for 2028
1 hour -
Ghana targets thousands of overseas nursing jobs under Labour Export Programme
1 hour