SEC warns public against YEPBIT Exchange and BONCHAT investment schemes
The SEC says neither platform is licensed to provide investment or trading services in Ghana’s capital market.
The Securities and Exchange Commission has cautioned the public against investing through YEPBIT Exchange and BONCHAT, describing the two platforms as suspected fraudulent investment schemes.
The SEC says neither platform is licensed to provide investment or trading services in Ghana’s capital market.
In a public notice issued on Wednesday, July 15, 2026, the regulator said preliminary intelligence showed that the platforms were soliciting investments from the public, including through digital and crypto-asset channels.
“The SEC wishes to alert the General Public to a suspected fraudulent investment scheme operating under the name(s) YEPBIT EXCHANGE and BONCHAT, which is soliciting investments from members of the public, including through digital/crypto-asset platforms. YEPBIT EXCHANGE and BONCHAT are not licensed by the SEC,” the notice said.
The Commission urged the public to verify the licensing status of any company or platform offering investment or trading services before committing funds.
It also warned investors to be cautious of schemes promising unusually high or guaranteed returns.
According to the SEC, members of the public should avoid platforms where earnings depend mainly on recruiting new participants.
Such structures are often associated with fraudulent investment operations.
“Verify the licensing status of any entity offering investment or trading services before investing. Be wary of schemes promising unusually high or guaranteed returns. Avoid schemes where earnings depend primarily on recruiting others,” the Commission advised.
The warning comes amid growing concerns over online investment platforms and crypto-related schemes targeting retail investors with promises of quick profits.
The SEC said the notice was issued under Sections 3 and 208(c) of the Securities Industry Act, 2016, Act 929, as amended.
It said the action forms part of its mandate to protect investors and preserve confidence in Ghana’s capital market.
The Commission also encouraged the public to report suspicious investment platforms for regulatory action.
