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:
Latest Stories
-
Fugitive Zambian MP arrested in Zimbabwe – minister
19 mins -
Town council in Canada at standstill over refusal to take King’s oath
30 mins -
Trump picks Pam Bondi as attorney general after Matt Gaetz withdraws
42 mins -
Providing quality seeds to farmers is first step towards achieving food security in Ghana
53 mins -
Kenya’s president cancels major deals with Adani Group
2 hours -
COP29: Africa urged to invest in youth to lead fight against climate change
2 hours -
How Kenya’s evangelical president has fallen out with churches
2 hours -
‘Restoring forests or ravaging Ghana’s green heritage?’ – Coalition questions Akufo-Addo’s COP 29 claims
2 hours -
Ensuring peaceful elections: A call for justice and fairness in Ghana
3 hours -
Inside South Africa’s ‘ruthless’ gang-controlled gold mines
4 hours -
Give direct access to Global Health Fund – Civil Society calls allocations
4 hours -
Trudeau plays Santa with seasonal tax break
4 hours -
Prince Harry jokes in tattoo sketch for Invictus
4 hours -
Akufo-Addo commissions 200MW plant to boost economic growth
5 hours -
Smallholder farmers to make use of Ghana Commodity Exchange
5 hours