The Securities and Exchange Commission (SEC) has revoked the licenses of 53 fund management companies with immediate effect.
This is in accordance with Section 122(2) of the Securities Industry Act of 2016, Act 929.
The Act authorises the Commission to revoke the license of any fund management company which, among others, contravenes the laws of operation.
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Source: 3news.com|Ghana
The post SEC cracks the whip; revokes licenses of 53 investment firms appeared first on 3news.
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