Desist from investing with them – SEC, EOCO caution against 17 unlicensed entities
In a joint statement, it said in accordance with the Securities Industry Act, 2016 (Act 929) and the Economic and Organised Crime Office Act, 2010 (Act 804), both regulatory bodies embarked on joint investigations into the activities of the entities, who operate largely online.
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The Securities and Exchange Commission (SEC) and the Economic and Organised Crime Office (EOCO) have warned against investments in 17 unlicensed companies.
In a joint statement, it said in accordance with the Securities Industry Act, 2016 (Act 929) and the Economic and Organised Crime Office Act, 2010 (Act 804), both regulatory bodies embarked on joint investigations into the activities of the entities, who operate largely online.
“The General Public is advised to be vigilant and to desist from investing in all unlicensed investment products,” the statement said.
The 17 include; PatronPay Ghana/ PetronPay Ghana, Cedi Network Ghana, Bitcash Investment, Solmax Group, Freedom Synergy, FxKash Investment, Binomo Investment, and Hi Pay.
The rest are; Quick Earn, Lite Earn, Snap Finance, Faucet Wealth Investment, Opay Investment, Payme Financial Services, Passive Income, Yvonne Hanson Deals, and Alpha Pay.
