Promiseland Building and Construction Ltd has announced the suspension of its Pro Vest investment programme following a recent statement by the Securities and Exchange Commission (SEC).

In a letter dated March 10, 2025, and signed by its Chairman and Chief Executive Officer, Dr Lawrence Emmanuel, the company clarified that it had engaged an agent in January 2025 to facilitate the necessary regulatory processes for the investment program.

It later discovered that the application before SEC had not been duly processed as initially believed, it said.
“In light of this, we have taken immediate steps to comply with SEC’s directive by putting the Pro Vest program on hold including ceasing all promotional activities. We are also actively working to complete the processing of the requisite license to ensure full compliance with all regulatory requirements,” the company stated.

Promiseland further assured investors and the general public of its commitment to regulatory compliance, transparency, and investor protection. The company said it is working to complete the licensing process to ensure full adherence to all regulatory requirements.

“We appreciate your trust and support as we work diligently to resolve this matter,” it added.