The Securities & Exchange Commission of Zimbabwe issued a public notice advising licensed persons and investors that Cornerstone Asset Management is not on the Register of Asset Managers and is therefore not authorised to operate as an asset manager. The notice states that Cornerstone’s licence was cancelled on 25 April 2024 and urges the investing public to exercise extreme caution when dealing with the firm. Former Cornerstone clients were directed to channel their queries through CABS Custodial Services.
Securities & Exchange Commission of Zimbabwe 2025-01-22
Securities & Exchange Commission of Zimbabwe warns investors that Cornerstone Asset Management is not registered after licence cancellation
The Securities & Exchange Commission of Zimbabwe announced that Cornerstone Asset Management is not authorised to operate as an asset manager, as it is not on the Register of Asset Managers. Cornerstone's licence was cancelled on 25 April 2024, and investors are advised to exercise caution when dealing with the firm. Former clients should direct queries to CABS Custodial Services.