{"id":742286,"date":"2019-11-11T16:03:32","date_gmt":"2019-11-11T16:03:32","guid":{"rendered":"https:\/\/ghana-mma.com\/2019\/11\/11\/distraught-customer-shares-frustration-after-secs-closure-of-investment-companies\/"},"modified":"2019-11-11T16:03:32","modified_gmt":"2019-11-11T16:03:32","slug":"distraught-customer-shares-frustration-after-secs-closure-of-investment-companies","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/11\/11\/distraught-customer-shares-frustration-after-secs-closure-of-investment-companies\/","title":{"rendered":"Distraught customer shares frustration after SEC\u2019s closure of investment companies"},"content":{"rendered":"<p><\/p>\n<div data-io-article-url=\"https:\/\/www.adomonline.com\/audio-distraught-customer-shares-frustration-after-secs-closure-of-investment-companies\/\">\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"516\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2019\/11\/image-81-696x516.png\"   alt=\"first banc company\" title=\"first banc company\"\/><figcaption class=\"wp-caption-text\">first banc company<\/figcaption><\/figure>\n<\/div>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"260px\" src=\"https:\/\/clip.afrad.io\/?clipId=8jYdZesNRQLCc6kMT\" frameborder=\"0\"><\/iframe><\/p>\n<p>A distraught customer of First Banc Financial Services at the Airport residential area in Accra has shared his frustrations after the closure of 53 struggling fund management companies by the Securities and Exchange Commission.<\/p>\n<p>The aggrieved customer of the now-defunct financial firm told <strong>Joy News\u2019<\/strong> Nancy Emefa Dzradosi, that he has an investment worth almost GHS 70,000 with the financial firm.<\/p>\n<p>\u00a0\u201cSince Friday, I have not been able to sleep, I am really angry. I just can\u2019t think straight over this investment issue. I have almost GHS 70,000 in my account and I came here for my money, only for me to be told that I should go and come later,\u201d he lamented.<\/p>\n<p><strong>ALSO READ<\/strong><\/p>\n<p>He revealed that he urgently needed the money to pay<br \/>\nfor his wife\u2019s medical bill.<\/p>\n<p>\u201cMy wife is due for operation and here I am without<br \/>\nthe money,\u201d he lamented.<\/p>\n<p>He called on President Akufo-Addo to quickly intervene in the issue so as to prevent customers of the various investment companies from losing their investments.<\/p>\n<p>\u201cPresident Akufo-Addo should quickly do something about it and ensure that our monies are returned to us because we voted for him,\u201d he said.<\/p>\n<p>The distressed customer promised never to save with an investment firm saying that he would rather use his funds to rear pigs.<\/p>\n<p>\u201cIn fact, no bank will convince me to save again<br \/>\nbecause I won\u2019t do that thing again. I will rather use my money to rear pigs,\u201d<br \/>\nhe said angrily.<\/p>\n<p>The Securities and Exchange Commission (SEC) on Friday, November 8, 2019, revoked the operating licences of some 53 investment companies.<\/p>\n<p>According to the Commission, the revocation of the licences is to protect the integrity of the securities market as well as investors.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>first banc company A distraught customer of First Banc Financial Services at the Airport residential area in Accra has shared his frustrations after the closure of 53 struggling fund management companies by the Securities and Exchange Commission. The aggrieved customer of the now-defunct financial firm told Joy News\u2019 Nancy Emefa Dzradosi, that he has an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":742287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-742286","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>Distraught customer shares frustration after SEC\u2019s closure of investment companies - 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\/11\/distraught-customer-shares-frustration-after-secs-closure-of-investment-companies\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Distraught customer shares frustration after SEC\u2019s closure of investment companies - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"first banc company A distraught customer of First Banc Financial Services at the Airport residential area in Accra has shared his frustrations after the closure of 53 struggling fund management companies by the Securities and Exchange Commission. The aggrieved customer of the now-defunct financial firm told Joy News\u2019 Nancy Emefa Dzradosi, that he has an [&hellip;]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.ghanamma.com\/2019\/wp-content\/uploads\/2019\/11\/image-81.png\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/11\\\/11\\\/distraught-customer-shares-frustration-after-secs-closure-of-investment-companies\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/11\\\/11\\\/distraught-customer-shares-frustration-after-secs-closure-of-investment-companies\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#\\\/schema\\\/person\\\/53d06a757a4242f113d200e3c290c036\"},\"headline\":\"Distraught customer shares frustration after SEC\u2019s closure of investment companies\",\"datePublished\":\"2019-11-11T16:03:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/11\\\/11\\\/distraught-customer-shares-frustration-after-secs-closure-of-investment-companies\\\/\"},\"wordCount\":298,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/11\\\/11\\\/distraught-customer-shares-frustration-after-secs-closure-of-investment-companies\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/image-81.png\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/11\\\/11\\\/distraught-customer-shares-frustration-after-secs-closure-of-investment-companies\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/11\\\/11\\\/distraught-customer-shares-frustration-after-secs-closure-of-investment-companies\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/11\\\/11\\\/distraught-customer-shares-frustration-after-secs-closure-of-investment-companies\\\/\",\"name\":\"Distraught customer shares frustration after SEC\u2019s closure of investment companies - 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