People whose monies are locked up with failed fund management companies are being urged to file complaints with the Economic and Organized Crime Office (EOCO) and the Police Criminal Investigation Department (CID).
The Director General of the Securities and Exchanges Commission (SEC), the Reverend Daniel Ogbarmey-Tetteh, said those fund management companies, must not get away with any acts of dishonesty and misappropriation of investors money.
They should be held to account – dragged to court.
The SEC has already referred some of the companies which have had their licenses revoked to the Attorney General’s Department for prosecution.
He said the Commission would remain uncompromising in the discharge of its mandate of protecting investors and the integrity of the capital market.
The SEC Director General was speaking at training programme on the Securities Industry Act 2016, for 40 High Court and Court of Appeal Judges.
The goal was to help them to have deeper insight into the regulatory toolkit for enforcement and recent regulatory development after revocation of licenses, Ponzi/Pyramid schemes, the mandate of SEC and overview of securities industry.
The Rev Ogbarmey Tetteh, announced the disqualification by SEC, the directors of 53 fund management companies, which have had their licenses revoked.
He said, in all, 186 directors had been affected.
They have been barred from holding themselves as directors in the securities industry.
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