SEC, EOCO expose 17 unlicensed “online investment” firms
The regulator of the country’s capital market space and investment firms, the Securities and Exchange Commission (SEC), has cautioned Ghanaians against doing business with some 17 unlicensed “online investment” firms in the country.
The caution, comes on the back of a joint investigation carried out by SEC and anti-graft institution, the Economic and Organised Crime Office (EOCO) into the operations of these firms.
“SEC and EOCO have embarked on joint investigation into the activities of some entities largely operating via online channels.”
“In accordance with relevant provisions of Act 929 as amended and Act 804, SEC and EOCO wish to inform the general public that, the under listed entities are not licensed by the Securities and Exchange Commission,” read parts of the joint statement.
Some of the investment firms exposed as not having been licensed by the SEC include: Bitcash Investment, Cedi Network Ghana, Freedom Synergy, Opay Investment, Faucet Wealth Investment, among others.
Read statement and see full list below:
