Here is the full list of 53 Fund Management companies whose licenses have been revoked by SEC

Director General of the Securities and Exchange Commission, Daniel Ogbarmey Tetteh
  • The Securities and Exchange Commission revoked licences of 53 Fund Management Companies.
  • The revocation was done on November 8, 2019.
  • According to the SEC this was done pursuant to Section 122 (2) (b) of the Securities Industry Act, 2019 (Act 929).

The Securities and Exchange Commission (SEC) revoked the licenses of 53 Fund Management Companies on Friday November 8, 2019.

The SEC said that the revocations were done pursuant to Section 122 (2) (b) of the Securities Industry Act, 2019 (Act 929) which authorizes SEC to revoke the license of a market operator under some circumstances.

A statement issued by SEC explained that the revocation follows comes after the companies failed to “return client funds which remain locked up and in a number of cases, have even folded up their operations.”

Here is the full list of the affected institutions;

All-Time Capital Partners Limited

Alpha Cap Securities Limited

Axe Capital Advisors Limited

Apex Capital Partners Revoked

Beige Capital Limited Revoked

Brooks Asset Management Limited

Cambridge Capital Advisors Limited

Canal Capital Limited Revoked

Corporate Hills Investment Ltd.

Dowjays Investment Limited

EM Capital Limited Revoked

Energy Investments Limited

Fromfrom Capital Limited

Frontline Capital Advisors Limited

FirstBanc Financial Services Limited

Galaxy Capital Limited

Gold Coast Fund Management Limited

Gold Rock Capital Management Limited

Goldstreet Fund Management Limited

Global Investments Bankers Limited

Heritage Securities Limited

Ideal Capital Partners Limited

Integrity Fund Management Limited

Intermarket Asset Management Ltd

Kripa Capital Ltd.

Kron Capital Limited

Legacy Financial Services

Liberty Asset Management Limited

Kamag Kapital Limited

Mak Asset Management Limited

Man Capital Partners Limited

Mec-Ellis Investment(Ghana) Limited

McOttley Capital Limited

Monarch Capital Limited

Mutual Integrity Assets Management Limited

Nesst Capital Limited

Nickel Keynesbury Limited

Nordea Capital Limited

Omega Capital Limited

Procap Finance Company Limited

QFS Securities Limited

SGL Royal Kapita Limited

Sirius Capital Limited

Strategic Hedge Capital Limited

Standard Securities Limited

Supreme Trust Capital Limited

Tikowrie Capital Ltd.

Unisecurities Limited

Universal Capital Management

Ultimate Trust Fund Management Ltd.

Utrak Capital Management Limited

Wealth Vision Financial Services Limited

Weston Capital Limited

Voluntary Cessation

HFC Capital Partners Limited

Attai Capital Limited

Serengeti Capital Limited

Indigo Investment Management Limited

Verit Investment Advisory Limited

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