Ghana Stock Exchange expels Liberty Securities and First Atlantic Brokerage

The Ghana Stock Exchange (GSE) has expelled Liberty Securities Limited and First Atlantic Brokerage Limited from membership of the Exchange.

Their expulsion means that they cease to be Licenced Dealing Members (LDM) of the Exchange and are also precluded from:
a. executing trades on the market;
b. providing advisory services to clients on capital market issues, and
c. holding in lien or in trust clients’ accounts or their security holdings.

According to the GSE, the decision to expel the membership of LSL and FABL is in view of their violation of the market rules.