Investors who went to collect their monthly cheques at investment club World Wise Partners Limited in St Andrew yesterday were left dumbfounded after they turned up to see notices outside the gates of the company.

The notices informed clients that activities have been suspended at the club while it undergoes restructuring effective June 2.

The restructuring should last 60 days during which it will suspend remittance services and client accounts will be audited, World Wise said, Financial Services Commission (FSC), the country's regulator of the securities sector, has reported that the investment club has applied to become a regulated company.

Robert Collins, public relations and marketing consultant at World Wise, said last night, said that the club has outgrown its premises which was affecting its ability to perform optimally.

Audit due in July

"It is a volatile time in the market, but restructuring is something every company has to go through," he said. "We have to go through an audit on all our accounts, which are due in July."

Yesterday morning, several investors who gathered outside the gates of World Wise made futile attempts to speak with a manager.

Many were angry about the standard of customer service and the short notification for the restructuring process.

According to the notice, the company will be relocated from Ruthven Road to 130 Old Hope Road and will also increase its staff complement.