The Securities and Exchange Commission (SEC) has said six
licensed operators engaged in fund management activities in the capital market
have voluntarily requested to cease operation for various reasons.
According to SEC, the six firms; HFC Capital Partners Limited, Attai Capital
Limited, Serengeti Capital Limited, Indigo Investment Management Limited, Verit
Investment Advisory Limited and Waxson Investment and Pension Management are
therefore not mandated to carry out any Fund Management activities.
“The Commission has, after a thorough assessment of the circumstances, approved
their requests. The above companies are therefore not mandated to carry out any
Fund Management activities,” SEC said in a statement.
“Consequently, the Commission wishes to inform the general public that anyone
who engages in any transaction with any of these companies or their
representatives, in their capacity as Fund Managers could be exposing
him/herself to avoidable risk,” the statement said.
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