Don’t Deal With These 17 Unlicensed firms In Ghana – EOCO, SEC warns

Don't Deal With These 17 Unlicensed firms In Ghana - EOCO, SEC warns

17 Unlicensed firms In Ghana

The behavior of some investment companies that do their business largely online are the subject of a joint investigation by the Securities and Exchange Commission (SEC) and the Economic and Organized Crime Office (EOCO).

It consequently learned that 17 businesses were operating unlawfully. As a result, the general public has been reminded not to engage in any form of service with companies that are not mentioned.

They are:

PatronPay Ghana/PetronPay GhanaCedi NetworkBitcash InvestmentSolmax GroupFreedom SynergyFxKash InvestmentBinomo InvestmentHi PayQuick EarnLite EarnSnap FinanceFaucet Wealth investment Opay InvestmentPayme Financial ServicesPassive IncomeYvonne Hanson DealsAlpha Pay

“The general public is hereby advised to be vigilant and to desist from investing in all unlicensed investment products,” the joint statement issued on Tuesday, September 13 said.

“Capital Market Operators, investors and the general public should be assured that the SEC in collaboration with all relevant law enforcement agencies is committed to ensuring the rigorous enforcement of all the securities laws for operators in the capital market 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.”

The latest action is in accordance with Section 3(b) of the Securities Industry Act, Act 929, as amended by Act 1062 and Section 3(d) of the Economic and Organised Crime Act 2010, Act 804.