GSE has expelled WSL from LDM of the Exchange with immediate effect.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Ghana Stock Exchange has expelled Worldwide Securities Limited (WSL) from Licensed Dealing Membership (LDM) of the Exchange with immediate effect.

The decision of the Exchange to expel WSL from its membership is in view of WSL failure to renew its Broker-Dealer licence with the Securities and Exchange Commission (SEC) in accordance with Rule 9(2)(e) of the Exchange’s Dealing Membership Rules as well as the failure to meet its financial obligations to the Exchange in accordance with Rule 9(2)(b) of the Exchange’s Dealing Membership Rules.

Source: newsthemegh.com