SEC and EOCO warn that you shouldn't invest in these 17 companies in Ghana.

The Economic and Organized Crime Office (EOCO) and the Securities and Exchange Commission (SEC) are looking into what some investment companies that mostly do business online are doing. 

Because of this, it found that seventeen businesses were operating without permission. So, the public has been told not to do any kind of business with the companies that aren't on the list. 

These are: 

PatronPay Ghana/PetronPay Ghana 

The Cedi Network 

Investing in Bitcash 

Freedom Synergy Solmax Group 

Investing in FxKash 

Binomo Investment 

Finance Hi Pay Quick Earn Lite Earn 

Invest Money to Get Rich 

Investing in Opay 

Financial Services from Payme 

Passive Income 

Yvonne Hanson Deals 

Alpha Pay 

In a joint statement released on September 13, it said, "The general public is warned to be careful and not to invest in any investment products that are not licensed." 

"Capital Market Operators, investors, and the general public should know that the SEC, working with all relevant law enforcement agencies, is committed to making sure that all securities laws are strictly enforced for operators in the capital market. This is to promote the orderly growth and development of an efficient, fair, and transparent securities market that protects investors and the integrity of the market." 

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


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