The Securities Commission states that its inspections into finance firms demonstrate that a lot of investors are entitled to get refunds on the investments that they have made.

Where individuals and firms had violated the law by offering securities to the community without a registered prospectus, investors were eligible to get a reimbursement of their principal plus interest, the commission said today.

Shareholders that did not get an investment statement before they invested their money may as well be able to seek a refund.

Investors are eligible to take action against both the issuers and the chiefs personally, in order to recover the lost money in the investment.

The sum available might go beyond the amounts given back on receivership or insolvency.

The feasibility of any such act will certainly depend upon the monetary ability of the issuer or the bosses to meet that accountability.

The commission wants that investors should immediately seek legal advice and take action against such firms since they cannot help them with that and more so, because they are entitled to get a compensation for the money that they have lost in the investment.

The Securities Act makes it obligatory for an issuer to have registered a prospectus before securities were allotted to an associate of the public.