The Securities and Exchange Commission (SEC) and Economic and Organised Crime Office (EOCO) has advised the public to desist from doing any form of business with 17 investment entities.
This comes after a joint SEC and EOCO investigations into the activities the entities, largely operating via online channels, found them to be “unlicensed.”
The entities are; PatronPay Ghana/PetronPay Ghana, Cedi Network Ghana, Bitcash Investment, Solmax Group, Freedom Synergy, FxKash Investment, Binomo Investment, Hi Pay, Quick Earn, and Lite Earn.
The others are; Snap Finance, Faucet Wealth Investment and Opay Investment, Payme Financial Services, Passive Income, Yvonne Hanson Deals, and Alpha Pay.
A joint statement issued to the Ghana News Agency on Tuesday, stated: “The general public is hereby advised to be vigilant and to desist from investing in all unlicensed investment products.”
It assured capital market operators, investors, and the public that SEC in collaboration with all relevant law enforcement agencies would ensure the rigorous enforcement of all the securities laws for operators in the market.
This is to promote an orderly growth and development of an efficient, fair, and transparent securities market in which investors and the integrity of the market are protected.
Latest Stories
-
We may all resort to vote buying if electorates prioritise such over development – Asiedu Nketiah
43 mins -
NDF engages mineral extraction communities in advocacy and litigation resolution
48 mins -
Adabraka community in A/R unites to combat electoral violence
55 mins -
Forestry Commission cracks down on endangered bush meat trade
56 mins -
Global GDP could plunge by 24% by 2,100 without urgent climate action
57 mins -
High Court dismisses lecturer’s bid to block Deputy IGP’s appointment
1 hour -
MTN records 35.5% growth in profit to GH¢3.76bn in quarter 3, 2024
1 hour -
Deloitte to hold training on navigating customs and excise duty Obligations
2 hours -
Akufo-Addo, Bawumia should have prioritised National Peace Campaign launch – Mahama
2 hours -
AGI works to clamp down on substandard foreign mattresses penetrating Ghanaian markets
2 hours -
Immigration Service intercepts 54 gallons of fuel
2 hours -
Ace Medical Insurance makes its mark at Ghana Club 100 Awards
2 hours -
Dafeamekpor takes Speaker to High Court to affirm vacant seats ruling
2 hours -
Government is not funding GMX music streaming platform – Director of Marketing
2 hours -
Energy sector not advancing enough – ACEP
2 hours