SEC stops guaranteed returns in capital market
October 29, 2018
The Securities and Exchange Commission (SEC) has asked all Fund Managers to stop offering guaranteed returns on investment to their clients.
The directive which has been in effect since July, is among the numerous interventions to sanitise the industry and protect the integrity of the capital market.
Responding to what will be the next line of action after the December 2018 timeline, Daniel Ogbarmey Tetteh further said they will collaborate with Fund Managers to manage the disbursement of all matured investments.