The Securities and Exchange Commission (SEC) has cautioned the public against doing business with some six fund management companies who have voluntarily ceased their operations.
The companies cited various reasons for the decision.
As a result, the regulator says they are not supposed to engage the public in that capacity henceforth.
The fund management companies include; HFC Capital Partners Limited, Attai Capital Limited, Serengeti Capital Limited.
Others are; Indigo Investment Management Limited, Verit Investment Advisory Limited as well as Waxson Investment and Pension Management Limited.
Meanwhile the SEC has assured all investors, market operators and the general public that is committed to ensuring rigorous enforcement of all rules for operators in the capital market in order to promote the growth and development of an efficient securities market.
Click to watch the full statement from the SEC
Meanwhile HFC Capital Partners limited has issued a statement to its customers indicating the company’s move.