Wednesday, December 07, 2016/ 9.24 AM / SEC
The Securities and Exchange Commission (“SEC”) received various complaints against AIMS Asset Management Limited who solicited and marketed private placements for two private companies namely Petdrill Development Company Limited and Aims Assurance Company Limited.
The Commission while investigating the activities of AIMS Asset Management Limited (a registered Capital Market Operator), observed that the said private placements and the securities of the private companies were not under the regulatory purview of the Commission.
In view of the above, the general public is hereby INFORMED, that the Commission does not regulate private placements by private companies and therefore, the respective investors are advised to contact the said companies for their share certificates.
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