{"id":741222,"date":"2019-11-09T13:52:38","date_gmt":"2019-11-09T13:52:38","guid":{"rendered":"https:\/\/ghana-mma.com\/2019\/11\/09\/audio-sec-rushed-gold-coast-fund-management-customers-fume\/"},"modified":"2019-11-09T13:52:38","modified_gmt":"2019-11-09T13:52:38","slug":"audio-sec-rushed-gold-coast-fund-management-customers-fume","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/11\/09\/audio-sec-rushed-gold-coast-fund-management-customers-fume\/","title":{"rendered":"Audio: SEC rushed &#8211; Gold Coast Fund Management customers fume"},"content":{"rendered":"<p><\/p>\n<div data-io-article-url=\"https:\/\/www.adomonline.com\/audio-sec-rushed-gold-coast-fund-management-customers-fume\/\">\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"382\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2019\/11\/Gold-Coast-1-696x382.jpg\"   alt=\"\" title=\"Gold Coast 1\"\/><\/div>\n<figure><iframe loading=\"lazy\" src=\"https:\/\/clip.afrad.io\/?clipId=g69MX22hvicWtoBz4\" width=\"100%\" height=\"260px\"><\/iframe><\/figure>\n<p>The Coalition of Aggrieved Customers of Gold Coast Fund Management, now Blackshield Capital Management is not happy about the decision by Securities and Exchange Commission (SEC) to revoke the licence of the firm.<\/p>\n<p><strong>RELATED STORY: Just in:  SEC revokes licences of Gold Coast Securities; 52 others<\/strong><\/p>\n<p>They feared they may suffer the same fate as customers of defunct gold dealership firm, Menzgold whose monies are still locked up.<\/p>\n<p>SEC on Friday, November 8, 2019, revoked the licenses of 53 Fund Management Companies. Blackshield Capital Management is among 32 operating firms whose licences have been revoked.<\/p>\n<p>Group  Nduom, majority shareholders\u00a0of Blackshield Capital Management  (formerly Gold Coast Fund Management) has expressed disappointment at the revocation of the company\u2019s licence. <\/p>\n<p><strong>RELATED STORY: List: 53 securities, fund management companies whose licences have been revoked<\/strong><\/p>\n<p>The regulator has, however, asked customers not to engage in panic withdrawals but rather educate themselves and do the needful.<\/p>\n<p>But, secretary for the aggrieved customers of Gold Coast Management, Joseph Ayitey in an interview on political discussion show,  <strong>Kukurantumi  <\/strong>on  <strong>Asempa FM<\/strong>, Saturday said SEC rushed.<\/p>\n<p>He expected the regulator to respond to their petition instead of revoking the license of the company.<\/p>\n<p><strong>RELATED STORY: Licence revocation: Nduom reacts<\/strong><\/p>\n<p>\u201cGovernment has not said anything about our petition only to hear their licences have been revoked. Will this revocation bring our monies?\u201d He quizzed.<\/p>\n<p>Mr Ayitey said the government should have engaged the customers before taking the final decision.<\/p>\n<p><strong>Listen to attached audio above<\/strong>:<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Coalition of Aggrieved Customers of Gold Coast Fund Management, now Blackshield Capital Management is not happy about the decision by Securities and Exchange Commission (SEC) to revoke the licence of the firm. RELATED STORY: Just in: SEC revokes licences of Gold Coast Securities; 52 others They feared they may suffer the same fate as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":741223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-741222","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Audio: SEC rushed - Gold Coast Fund Management customers fume - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/11\/09\/audio-sec-rushed-gold-coast-fund-management-customers-fume\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Audio: SEC rushed - Gold Coast Fund Management customers fume - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"The Coalition of Aggrieved Customers of Gold Coast Fund Management, now Blackshield Capital Management is not happy about the decision by Securities and Exchange Commission (SEC) to revoke the licence of the firm. 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