General News of Saturday, 9 November 2019Source: Myjoyonline.comLicence revocation: We are disappointed SEC failed to assist us – NduomDr Papa Kwesi Nduom, Chairman and Chief Executive Officer of Groupe NduomGroup Nduom, majority shareholders of Blackshield Capital Management (formerly Gold Coast Fund Management) has expressed disappointment at the revocation of the company’s licence. “We are disappointed that SEC would take this action without responding to the numerous request to assist Blackshield in retrieving funds owed by various government of Ghana entities,” the statement said. The revocation of the licences, according to the regulator, is to protect the integrity of the securities market and investors. Daniel Ogbarmey Tetteh, said troubled securities firms that have still not been able to address concerns raised about their operations over the years are among those affected by the action. This statement accompanying the revocation has been labelled as misleading by Dr Nduom who represents the interest of Blackshield Capital Management.

Source: GhanaWeb November 09, 2019 00:13 UTC