SECZ blocks Interfin, Remo share transfer

The Securities Commission of Zimbabwe (SECZ) has ordered local transfer secretaries to block the transfer of shares registered under the now-defunct Remo Investment Brokers and Interfin Securities in a bid to protect investor interests.

Bernard Mpofu  Chief Business Reporter
Information at hand shows that SECZ wrote a letter to all transfer securities instructing them to halt the splitting of shares registered under the two brokerage firms without approval from the capital markets regulator.

 
In the letter dated September 12 2012 copied to the Zimbabwe Stock Exchange (ZSE), SECZ chief executive Tafadzwa Chinamo also advised the transfer secretaries to apprise the commission on such transactions that could have taken place in the period following the cancellation of the firms’ operating licences.

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