Rev. Daniel Ogbarmi Tetteh (SEC Boss) and Maame Yaa Tiwaa Addo Danquah (EOCO Boss)
The Securities and Exchange Commission (SEC) and Economic and Organised Crime
Office (EOCO) have cautioned the public against engaging in any business
activities with some 17 investments agencies.
According to the two state institutions, the 17 investment entities, found to
be largely operating via online channels, are “unlicensed.”
This was revealed in a joint SEC and EOCO investigations into the activities
the entities in the country.
The ‘unlicensed’ entities included; 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 media stated that, “the General Public is
hereby advised to be vigilant and to desist from investing in all unlicensed
investment products.”
It also 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.
Source: Jamila Akweley
Okertchiri/Daily Guide