SEC publishes list of 17 entities operating without licenses, warns public

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The Securities and Exchange Commission (SEC) in partnership with the Economic and Organised Crime Office (EOCO) have published a list of 17 entities operating in the sector without licences.
The 17 entities that operate largely via online channels are
1.PetronPay Ghana

  1. Cedi Network Ghana
  2. Bitcash Investment
  3. Solmax Group
  4. Freedom Synergy
  5. FxKash Investment
  6. Binomo Investment
  7. Hi Pay
  8. Quick Earn
  9. Lite Earn
  10. Snap Finance
  11. Faucet Wealth Investment
  12. Opay Investment
  13. Payme Financial Services
  14. Passive Income
  15. Yvonne Hanson Deals and
  16. Alpha Pay

The SEC and EOCO in a joint statement further advised the public to be vigilant and desist from investing in all unlicensed investment products.

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,” the statement said

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