Regulatory Alerts2019-04-15
Public Notice on Gold Coast Fund Management Limited
The Securities and Exchange Commission issued this notice regarding Gold Coast Fund Management Limited's liquidity crisis and the numerous investor complaints currently under adjudication. The regulator has directed the firm to cease accepting new funds until all matured investments are settled or mutually agreed terms are reached. While reviewing proposals for a sustainable solution, the Commission warns that regulatory sanctions will be applied if the company is found culpable of breaching the Securities Industry Act, 2016.
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