Blackshield Fund Management

The Securities and Exchange Commission (SEC) has rejected claims that the GH¢5.5 billion approved by Parliament in 2021 to settle owed customers of defunct fund management companies is only for Defunct Gold Coast Management, now Blackshield customers. According to the SEC, the approved funds are for all investors in the 47 fund management companies that were closed down by the regulator. The clarification follows comments from some Blackshield Fund Management clients who suggested that the funds should only be distributed to fund investors. “The update received by the SEC from the implementing agencies of the Bailout is that so far,…