Business News of Thursday, 8 April 2021Source: www.ghanaweb.comThe Securities and Exchange Commission (SEC) is working on a draft to present new guidelines on third party and related transactions. The third party and related transactions was the major cause of collapse of fund management firms, forcing the clean-up of the securities industry. Due to that, we have introduced conduct of business guidelines in which we require market operators to issue annual reports. We also found that there were related transactions that were not done transparently, so we’re working on introducing investment guidelines for fund managers”, he pointed. “Don’t chase abnormal returns.

Source: GhanaWeb April 08, 2021 10:18 UTC