SEC revokes licenses of Unisecurities, 53 other Fund Management companies

The Securities and Exchange Commission (SEC) has revoked the licenses of 53 Fund Management Companies. SEC, in a statement explained that the revocation follows the companies’ failure to “return client funds which remain locked up and in a number of cases, have even folded up their operations.” “Essentially, they have failed to perform their functions … Continue reading SEC revokes licenses of Unisecurities, 53 other Fund Management companies