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Company News of Monday, April 29, 2019
Source: Myjoyonline.com
2019-04-29
Oxygen Advisory, DM Capital and Equity Capital Ltd. are among the affected companies.
The Securities and Exchange Commission (SEC) has revoked the licenses of five investment companies.
Customers trade with Georgetown Capital Partners Ltd., Equity Capital Ltd., Index Analytics Ltd., DM Capital Ltd. and Oxygen Advisory Ltd. at their own risk, depending on the regulator.
SEC has revoked its licenses under Section 122 of the Securities Industry Act, 2016 (Law 929).
Companies are not mandated to carry out fund management activities, the Commission said.
"The Commission hereby badures all investors, market operators and the general public that it is committed to rigorous compliance with all the rules applicable to operators in the capital market, in accordance with its mandate" he said in a statement.
The Securities and Exchange Commission is the statutory body mandated by the Securities Industry Act to promote the orderly growth and development of an efficient, fair and transparent securities market, in which investors and investors can rely on it. integrity of the market are protected.
The general public is also advised to contact the Commission toll free number 0800-100-065 for further details.
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