Gold dealership firm Menzgold has petitioned the Finance Committee in Parliament to intervene in the issue between the Securities and Exchange Commission (SEC) and the company which has made it difficult for customers to be paid their dividends.
The gold-trading firm closed down on the orders of the SEC after it
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In a letter dated September 7, 2018, SEC said it had thoroughly investigated the activities of Menzgold and has found that, the Nana Appiah Mensah-owned firm does not have the license to trade in gold collectibles from the public.
In the petition dated December 3, 2018 and signed by the Corporate Manager of Menzgold Nana Offei Yaw sent to the Finance Committee of Parliament, the company is asking for “a comprehensive payment plan to pay off completely all customers who wish to discontinue their trading of gold collectibles”.
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2. Halting of the online migration until the matter is fully resolved and as be directed by the regulators.
3 They also want to withhold gold collectibles trading operations for three (3) months to organise and restructure corporate operations.
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4 To revise the business module and review the percentage offering on our gold collectibles trade,”
5 Menzgold is asking to commence full operations as may be directed by SEC after all issues have been settled and advised by SEC accordingly.
Below is their petition
