Regulatory Alerts2019-10-01
Public Notice on Blackshield Capital Management Unlicensed Product
The Securities and Exchange Commission of Ghana issued a public notice warning that Cardinal Asset Master Trust is an unlicensed product advertised by Blackshield Capital Management. The regulator stated that the firm failed to submit an updated application for the product and violated the Securities Industry Act by promoting it without approval. Additionally, the SEC clarified that the company's name change from Gold Coast Fund Management Limited did not require its approval and reaffirmed its ongoing efforts to resolve investor liquidity issues.
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