SECTION A

$[$Answer ALL Questions in this Section$]$

$(20$ MARKS$)$

On $8^{th}$ November, $2019,$ the Securities and Exchange Commission $($SEC$)$ revoked the licenses of fifty$-$three Fund Management Companies operating in Ghana. It is said that, most of these companies are in distress. Which of the following are the visible signs of distress that investors have ignored to their detriment?

I. Failure to honour client redemption requests;

II$.$ Failure to honour payment terms agreed at Complaints Hearings;

III. Failure to place client funds with proper due diligence and the requisite standard of professional conduct, evidenced by over concentration of portfolios in high risk institutions and related party transactions resulting in severe liquidity challenges;

IV$.$ Segregating client funds from operational funds and using client funds to pay for operational activities.

A$.$ I, II and III

B$.$ I, II and IV

C$.$ I, II III and IV

D$.$ II$,$ III and IV