The legal team of Menzgold Ghana Kwame Akkuffo & Co. in response to the Securities and Exchange Commission have stated that the operations of Menzgold Ghana do not fall under the regulatory powers accorded the commission.
In a letter dated September 12, 2018, in reply to a directive from the Securities and Exchange Commission which called for the suspension of Menzgold from operating, the legal team of the gold trading firm made it known that its operations of its client (Menzgold) do not conform to the regulatory powers of the commission.
“Be that as it may, we are instructed to respectfully inform you that our Client’s business module which is essentially that of the sale of gold collectibles is not one that falls within your regulatory regime.”
The legal team further stated that Menzgold was willing to comply with any conditions that the commission will require of the gold trading firm as long as it is not a disbenefit to the firm.
Read letter via the link below…