Hundreds of protesters claiming to be customers of Gold Coast Securities on Monday besieged the premises of Parliament and the Accra International Conference Centre (AICC) appealing to President Nana Addo Dankwa Akufo-Addo and legislators to help them retrieve their locked up cash with the Non-banking financial institution.
Customers of the firm have since 2018 been protesting for the government to intervene in retrieving their locked up capital with the firm, reports Graphic Online's Kester Aburam Korankye from Parliament House.
Source: Daily Graphic
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Re; AGYIMIFOR( F00ULS) Government should as well collapse the regulators and allow anyone to operate a financial institution without any laws. Where in this world will a regulator sit unconcern for this long and heads will not roll. As for your Mr. Gyimifor, the least said about you the better, you do not know what he is talking about. Government collects our taxes to provide us with some services and protection of which this is one of them. You are doing blind politics.
DID YOU PEOPLE SOUGHT PERMISSION FROM THE GOVERNMENT BEFORE DEALING WITH THE COMPANY? WHAT KIND OF ***barred word*** IS THIS.
Gold Coast Securities is not a Non Bank Financial Institution but an Asset Management Company regulated by Securities and Exchange Commission. The securities business is regulated so I am taken aback as to why SEC is quiet on this issue. I am puzzled no one is asking Dr. Paa Kwesi Nduom questions about which assets he has invested these colossal amounts in? Is it because he is a politrician? 2020 is in the corner. Gold Coast is multiples of DKM in terms of assets. If Gov't fail to act, our thumps will speak at the appropriate time.
Dr. Ndoum used the funds for political campaign. now the money is finished. SEC is completely an irresponsible institution and has to be scraped.it has failed to exercise due care in its basic function over many of these institution. investors would exercise due diligence if it is scraped.