SECURITIES and Exchange Commission, SEC, said on Wednesday it has restored the license of Standard Alliance Capital & Asset Management Limited as Issuing House and Fund Manager with effect from August 10, 2015.
“This is to inform the investing public that The Securities & Exchange Commission on August 10, 2015 reinstated the registration of Standard Alliance Capital & Asset Management Ltd. as Issuing House and Fund Manager,” SEC said in a circular.
Also, the Commission on Thursday, August 20, 2015, lifted the suspension it placed on Strand Capital Partners Limited and its sponsored individuals.
According to SEC, the lifting of the suspension is sequel to satisfactory resolution of all complaints and issues with the Commission by the Operator.
“Please take note and deal with the Operators in line with the approval,” SEC added.

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