The Ghana Stock Exchange (GSE) has revoked the membership of Worldwide Securities Limited (WSL) due to multiple regulatory infractions, preventing the firm from engaging in trading activities or managing client portfolios on the Exchange. In an official notice, the GSE stated that WSL failed to renew its Broker-Dealer license with the Securities and Exchange Commission (SEC), violating Rule 9(2)(e) of the Exchange’s Dealing Membership Rules.

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Additionally, the firm defaulted on financial obligations to the Exchange, breaching Rule 9(2)(b), and lacked the required personnel to operate efficiently, contravening Rules 6(j) and 6(k). WSL also failed to meet the minimum transaction threshold necessary for broker-dealer operations, thereby violating Rule 6(L).

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As a result of this termination, WSL is no longer authorized to execute securities trades, manage brokerage accounts, or represent itself as a member of the GSE. The Exchange has urged affected investors to transfer their accounts and assets to other Licensed Dealing Members. This decisive action reaffirms the GSE’s commitment to enforcing regulatory compliance and protecting investor trust within Ghana’s capital markets.

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