Clients of Worldwide Securities Limited (WSL) must transfer their investments to another Licensed Dealing Member (LDM) immediately, following the firm’s expulsion from the Ghana Stock Exchange (GSE). This means it is no longer a Licensed Dealing Member and can no longer operate brokerage accounts, trade in securities, or present itself as part of the Exchange.
WSL, formerly a Licensed Dealing Member of the GSE, operated from Yeboah Afari Plaza No. 80, Ringway Estates, Accra, offering brokerage services and facilitating the buying and selling of securities for clients. However, due to regulatory violations, the firm has now lost its membership and can no longer operate brokerage accounts, trade in securities, or present itself as a member of the GSE.
According to the Exchange official communication on February 4, 2025, “Clients of WSL should contact the Exchange for assistance with transferring their securities accounts and holdings to any Licensed Dealing Member of their choice.” The expulsion follows WSL’s failure to renew its Broker-Dealer license with the Securities and Exchange Commission (SEC), defaulting on financial obligations to the GSE, and not maintaining the necessary staff to run a brokerage firm.
Clients are urged to contact the Exchange for assistance in transferring their securities holdings to ensure uninterrupted access to their investments.
Credit: The High Street Journal