Regulatory Alerts2018-05-10
SEC Public Notice Regarding Fund Managers Under Investigation
The Securities and Exchange Commission issued a public notice identifying ten licensed fund managers currently under investigation for alleged violations of the Securities Industry Act, 2016. The listed entities include MEC-Ellis Investment Ghana Ltd, Weston Capital Ltd, and Brooks Asset Management Ltd, among others, who face pending complaints from the investing public. The Commission warns the general public that engaging in transactions with these companies exposes individuals to avoidable risk while investigations remain ongoing.
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