SEC not indifferent to plight of Gold Coast Security clients – SEC Boss

April 17, 2019

The Director-General of the Securities and Exchange Commission has said his outfit is working assiduously to help clients of Gold Coast Fund Management to recoup their locked up investments.

Rev. Daniel Ogbarmey Tetteh who spoke to Daniel Dadzie, host of the Joy FM’s Super Morning Show said ultimately clients of Gold Coast will be empowered to seek legal redress against their fund managers in the event the company fails to pay them their monies.

Gold Coast Fund Management has been in the news for its inability to pay clients’ invested capital and the interest accruing on same.

“We have received a number of complaints at the commission regarding this unfortunate turn of events and have been organizing hearing sessions on these complaints,” he said Tuesday.

In a public statement issued April 15, the Securities and Exchange Commission ordered the Gold Coast Fund Management Limited, an investment company, to stop taking new deposits.

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