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Lawyers Of Menzgold Ghana Respond To SEC's Orders To Shut down Operations (read letter)

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The legal team of Ghana's Gold dealership firm have responded to the orders of Securities and Exchange Commission(SEC) to immediately shut down its business of trading in gold collectibles.

In a letter issued by Kwame Akuffo &Co Unlimited legal firm, it's client Menzgold Ghana Limited is making it clear that it can not halt its operations as per the orders of SEC for, it's "business module which is essentially that of the sale of gold collectibles does not fall within SEC's regulatory regime".

They further stressed that Menzgold does not engage in Capital Market activities neither does it issue gold-backed depository notes.

Read full letter below: 


 
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