Dr Papa Kwesi Nduom, CEO, Groupe Nduom

The Securities and Exchange Commission (SEC) has revoked the licence of Gold Coast Securities and 52 other Fund Management Companies.

The action is in pursuant to Section 122(2) (b) of the Securities Industry Act, 2016 (Act 929).

The revocation of the licences of the companies, according to a statement copied to Adomonline.com has become necessary as the companies have largely failed to return client fund which remain lock up.

More soon…