Gold trading firm Menzgold has rejected an attempt by the Securities and Exchange Commission (SEC) to set conditions for a planned meeting between the two parties next week.
The development comes after the state regulator in a statement agreed to a meeting request by the trading firm but said the meeting will only take place under conditions.
“The commission will be available to meet with your client on Tuesday September 18,2018 at 2pm on condition that the information we requested for in our letter dated August 27, is provided by the close of business day Friday September 14,2018,” the regulator said.
In response, lawyer for Menzgold Kwame Akuffo stressed that even though they will attend the said meeting, they will do so without conditions from SEC.
“..Your letter therefore raises fundamental questions as to the fairness of the decision you took on September 7, as well as whether same was premature.
“Be that as it may, we are willing to attend a meeting with you at 2pm on September 18,2019 without any conditions attached to same”.
Menzgold and the regulator have been at loggerheads since it was ordered to put a stop to dividend payments to its investors.