The Securities and Exchange Commission (SEC) has said by close of Monday, November 11, 2019, it will provide further details about a validation process and designated places where investors of collapsed Securities and Fund management companies can present their claims to be validated.
“In the interim we urge all investors to remain calm, gather all receipts, statements and any other documentation related to their investment with the affected institutions. There is also no need for any panic withdrawals on the firms whose licences are intact and not on the revocation list. A list of firms whose licences have not been revoked can be found on the SEC website (www.sec.gov.gh).” SEC said on its website.
Meanwhile, it said persons whose actions and inactions led to the collapse of Fund Management Companies in the country would be handed a five (5) year ban from operating in the Capital Market.
The Commission said the indicted persons could include past officers and shareholders of the affected companies.
Below is the list of companies whose licenses have been revoked
All-Time Capital Partners Limited
Alpha Cap Securities Limited
Axe Capital Advisors Limited
Apex Capital Partners Revoked
Beige Capital Limited Revoked
Brooks Asset Management Limited
Cambridge Capital Advisors Limited
Canal Capital Limited Revoked
Corporate Hills Investment Ltd.
Dowjays Investment Limited
EM Capital Limited Revoked
Energy Investments Limited
Fromfrom Capital Limited
Frontline Capital Advisors Limited
FirstBanc Financial Services Limited
Galaxy Capital Limited
Gold Coast Fund Management Limited
Gold Rock Capital Management Limited
Goldstreet Fund Management Limited
Global Investments Bankers Limited
Heritage Securities Limited
Ideal Capital Partners Limited
Integrity Fund Management Limited
Intermarket Asset Management Ltd
Kripa Capital Ltd.
Kron Capital Limited
Legacy Financial Services
Liberty Asset Management Limited
Kamag Kapital Limited
Mak Asset Management Limited
Man Capital Partners Limited
Mec-Ellis Investment(Ghana) Limited
McOttley Capital Limited
Monarch Capital Limited
Mutual Integrity Assets Management Limited
Nesst Capital Limited
Nickel Keynesbury Limited
Nordea Capital Limited
Omega Capital Limited
Procap Finance Company Limited
QFS Securities Limited
SGL Royal Kapita Limited
Sirius Capital Limited
Strategic Hedge Capital Limited
Standard Securities Limited
Supreme Trust Capital Limited
Tikowrie Capital Ltd.
Universal Capital Management
Ultimate Trust Fund Management Ltd.
Utrak Capital Management Limited
Wealth Vision Financial Services Limited