Beleaguered gold trading firm, Menzgold, has extended its extra value payments to customers as it continues engagement with the Securities and Exchange Commission (SEC) to avert a total shutdown of the company.
The gold trading firm announced a six-day suspension of its gold vault market last week following a directive by SEC instructing the company to immediately shut down for violation of the law.
Read: Menzgold suspends services for six days
The suspension expired on Tuesday, September 18, but Menzgold issued a statement to its clients advising on the need to extend the suspension.
“Following our correspondence with the Securities and Exchange Commission (SEC), we regret to advise that the Gold Vault Market product services will continue to be suspended until the 28th September, 2018 to enable us reach a useful conclusion with the Securities and Exchange Commission (SEC),” the statement from the company dated September 18 noted.
Menzgold has been in the news for months now following several warnings from the Bank of God cautioning the general public against making deposits with the firm since they did not have the right licences to operate.
Following the directive by SEC last week, there has been some level of uproar from a section of the public, as well as workers of Menzgold accusing the SEC of seeking to run down the gold investment firm, with some hitting the street to demonstrate.
Read:SEC orders immediate shutdown of Menzgold
Source: 3news.com | Ghana
The post Menzgold extends suspension of gold vault market appeared first on 3newsgh.
Read Full Story
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS