The management of Menzgold has decided to place a temporary halt on all extra value payments and any new business related to their Gold Vault Market.
According to the release, ” The halt takes effect from Thursday, 13 September and will be in place for 6 days, by which time we believe all pending issues related to the Gold Vault Market Product would have been ironed out”.
This step has been occasioned by a notice from the Securities and Exchange Commission (SEC), dated September 7, 2018, asking Menzgold to suspend all extra value payments and any new business related to their Gold Vault Market, until further notice.
Menzgold through an earlier release, has assured its cherished customers to remain calm as negotiations are on-going to iron out the differences.
Below is the press release: