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    Stevie Wonder to move to Ghana permanently because of racism in the US

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    Anthropometric indices, blood pressure, and lipid profile status among women using progestin-only contraceptives: comparative cross-sectional study | BMC Women’s Health

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    More than 10 countries in Africa report COVID-19 cases

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    Medeama confirm departure of head coach Samuel Boadu-Ghanatoday.net

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    SEC warns public against investing with Wiseling Online Investment Company-Ghanatoday.net

    SEC warns public against investing with Wiseling Online Investment Company-Ghanatoday.net

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    A Great Asset For Ghana Football: Ghanatoday.net

    A Great Asset For Ghana Football: Ghanatoday.net

    Breaking News: Sellas Tetteh resigns as head coach of Sierra Leone – Ghana Latest Football News, Live Scores, Results: Ghanatoday.net

    Two cases of coronavirus confirmed in Ghana: Ghanatoday.net

    Two cases of coronavirus confirmed in Ghana: Ghanatoday.net

    Govt tightens border checks as coronavirus spreads: Ghanatoday.net

    COVID-19: Ghana confirms two cases: Ghanatoday.net

  • Politics
    Stevie Wonder to move to Ghana permanently because of racism in the US

    Stevie Wonder to move to Ghana permanently because of racism in the US

    NDC so intoxicated with LGBTQ issues more than their 2020 failed campaign

    NDC so intoxicated with LGBTQ issues more than their 2020 failed campaign

    The Latest: Capitol police boss cites ‘multi-tiered failure’ | Govt-and-politics

    The Latest: Capitol police boss cites ‘multi-tiered failure’ | Govt-and-politics

    Make Environmental Health Workers beneficiaries of COVID-19 package – LGSWU

    Make Environmental Health Workers beneficiaries of COVID-19 package – LGSWU

  • Entertainment
    Pulse Picks: Top 10 entertainment stories that defined 2020 [ARTICLE]

    Pulse Picks: Top 10 entertainment stories that defined 2020 [ARTICLE]

    From Manny Pacquiao to Shirley Temple: Seven celebrities who swapped the entertainment industry for politics

    From Manny Pacquiao to Shirley Temple: Seven celebrities who swapped the entertainment industry for politics

    At CES 2020 Panasonic Demonstrates the Future

    At CES 2020 Panasonic Demonstrates the Future

    Christabel Ekeh pictures, biography, boyfriend ▷ YEN.COM.GH

    Christabel Ekeh pictures, biography, boyfriend ▷ YEN.COM.GH

  • Lifestyle
    What you need to know about vaccination for COVID-19 – An interview with Dr. Sabastine Eugene Arthur, A Virologist

    What you need to know about vaccination for COVID-19 – An interview with Dr. Sabastine Eugene Arthur, A Virologist

    Riding the wave of mobile money markets in Ghana

    Riding the wave of mobile money markets in Ghana

    93 Black-Owned Makeup, Skincare, and Fashion Brands to Support Now and Always

    93 Black-Owned Makeup, Skincare, and Fashion Brands to Support Now and Always

    Anthropometric indices, blood pressure, and lipid profile status among women using progestin-only contraceptives: comparative cross-sectional study | BMC Women’s Health

    Technology as the key to women’s empowerment: a scoping review | BMC Women’s Health

  • Africa

    More than 10 countries in Africa report COVID-19 cases

    The Dance: the South Africans who finish high school against all odds | Global development

    Facebook, Twitter suspend Russia-linked operation targeting African Americans on social media – News – MetroWest Daily News, Framingham, MA

    Facebook, Twitter suspend Russia-linked operation targeting African Americans on social media – News – MetroWest Daily News, Framingham, MA

    The fight for west Africa’s fish

    The fight for west Africa’s fish

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    London’s Heathrow Airport reports £2b loss-Ghanatoday.net

    London’s Heathrow Airport reports £2b loss-Ghanatoday.net

    Medeama confirm departure of head coach Samuel Boadu-Ghanatoday.net

    Medeama confirm departure of head coach Samuel Boadu-Ghanatoday.net

    SEC warns public against investing with Wiseling Online Investment Company-Ghanatoday.net

    SEC warns public against investing with Wiseling Online Investment Company-Ghanatoday.net

    Keeping our African commitment Jaishankar after Ghana receives Made in India COVID 19 vaccines-ANI-Ghanatoday.net

    Keeping our African commitment Jaishankar after Ghana receives Made in India COVID 19 vaccines-ANI-Ghanatoday.net

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    TITANIC BEACH – SAKUMONO, GHANA-ghanatoday.net

    TITANIC BEACH – SAKUMONO, GHANA-ghanatoday.net

    ANTHONY B  LIVE IN GHANA-ghanatoday.net

    ANTHONY B LIVE IN GHANA-ghanatoday.net

    Business France | Forum Economique France-Ghana-ghanatoday.net

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SEC sustains revocation of 5 fund managers including Black Shield Capital-Ghanatoday.net

SEC sustains revocation of 5 fund managers including Black Shield Capital-Ghanatoday.net

June 15, 2020
in Business


The Securities and Exchange Commission (SEC) has sustained the revocation of the licenses of some five fund management companies following the completion of work by its Administrative Hearings Committee (ACH).

The five companies are Kron Capital Limited, Kripa Capital Limited, Frontline Capital Advisors Limited, Intermarket Asset Management Limited (formerly CDH Asset Management Limited and Black Shield Capital Management Limited (formerly Goldcoast Fund Management Limited).

Monarch Capital licence restored

Of the eight companies to have appealed to the ACH, only Monarch Capital Limited was successful in having its licence restored by the SEC while Integrity Fund Management Limited and Legacy Fund Management Limited had their respective licence revocations commuted to six-month suspensions.

Read Also: SEC’s statement on Blackshield misleading – Groupe Nduom

Court cases

Meanwhile, three companies; Firstbanc Financial Services Limited, Apex Capital Limited and Omega Capital Limited have filed cases in court over the revocation of their licenses.

Background

In November 2019, the SEC revoked the licenses of 53 fund management companies for various infractions including their inability to pay clients their investments.

Read the SEC’s statement below;

Public Notice on Update on Revocation of Licencees on Fund Managment Companies





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