Business News of Monday, 29 April 2019Source: citibusinessnews.comFunds of 5 collapsed investment companies safe – SECLast week SEC revoked the licenses of the companies for breaching rules guiding their operationsThe Securities and Exchange Commission (SEC) has assured customers of five collapsed fund management firms that their investments are safe. The companies include; Georgetown Capital Partners Limited, Equity Capital Limited, Index Analytics Limited, DM Capital limited and Oxygen Advisory limited. SEC debunks Social Media reportMeanwhile, the SEC has published that it has picked up a Social media message communicating the imminent closure of some capital market operators. It maintained that it has official media communication channels through which such communication is disseminated. When the SEC decides to proceed further with any other action, the SEC shall communicate same in accordance with section 208 via its official media communication channels.

Source: GhanaWeb April 29, 2019 19:52 UTC