The Ghana Stock Exchange has expelled Worldwide Securities Limited (WSL) from Licensed Dealing Membership (LDM) of the Exchange with immediate effect. The decision of the Exchange to expel WSL from its membership is in view of WSL failure to renew its Broker-Dealer licence with the Securities and Exchange Commission (SEC) in accordance with Rule 9(2)(e) of the Exchange’s Dealing Membership Rules as well as the failure to meet its financial obligations to the Exchange in accordance with Rule 9(2)(b) of the Exchange’s Dealing Membership Rules. Also, the suspension is due to WSL failure to have the requisite staff to operate the business in accordance with Rules 6(j) and 6(k) of the Exchange’s Dealing Membership Rules and not being active in its broker-dealer business to an extent acceptable to the Exchange, in accordance with Rule 6(L) of the Exchange’s Dealing Membership Rules. WSL’s expulsion means that it is precluded from opening and operating brokerage and investment accounts f...