By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    Discharging guns in public is a crime – Lawyer Prince Mankotam
    June 14, 2025
    President Mahama Announces $30,000-Ton Rice Mill Project in North East Region
    June 14, 2025
    Specialized Anti-Corruption courts needed to curb rising fraud – Edem Senanu
    June 14, 2025
    You have restored my faith in our democracy – Manasseh applauds Mahama for ending Zoomlion-YEA deal
    June 14, 2025
    KTU and Mastercard launch 10-year agribusiness project to empower Ghanaian youth
    June 14, 2025
  • Business
    BusinessShow More
    President Mahama Announces $30,000-Ton Rice Mill Project in North East Region
    June 14, 2025
    KTU and Mastercard launch 10-year agribusiness project to empower Ghanaian youth
    June 14, 2025
    GH¢1/Litre Fuel Levy Critical to Power Sector Recovery – IMF
    June 13, 2025
    Dr Hanna Bisiw-Kotei signs investment agreement at China-Africa Economic Expo
    Dr Bisiw-Kotei secures China deal to create 10,000 jobs in Ghana
    June 13, 2025
    Presidency terminates Zoomlion’s contract over concerns of impropriety and inflated billing
    Mahama to end YEA contract with Zoomlion following Manasseh’s petition
    June 12, 2025
  • Politics
    PoliticsShow More
    President Mahama Announces $30,000-Ton Rice Mill Project in North East Region
    June 14, 2025
    Specialized Anti-Corruption courts needed to curb rising fraud – Edem Senanu
    June 14, 2025
    You have restored my faith in our democracy – Manasseh applauds Mahama for ending Zoomlion-YEA deal
    June 14, 2025
    President Mahama grants clemency to 60 radio stations amid regulatory storm
    June 14, 2025
    Mustapha Ussif responds to NSS payroll scandal allegations in official statement
    NSS Scandal: Mustapha Ussif Breaks Silence, Denies GH₵548m Fraud Claims
    June 14, 2025
  • Entertainment
    EntertainmentShow More
    Shatta Wale plans legacy project with Koo Nimo after emotional request
    June 14, 2025
    First-ever Ghanaian kids podcast set to launch
    June 12, 2025
    Daniel Clerk speaks on the decline of storytelling in Ghana’s film industry
    Ghanaian movies have lost their soul – Veteran actor Daniel Clerk
    June 11, 2025
    BullGod discusses Baba Sadiq’s post-election future on Starr FM
    Baba Sadiq doesn’t need position to thrive under NDC – BullGod fires at critics
    June 11, 2025
    Miss Tourism Ghana 2024 thrills the world at Miss Orient Tourism Global
    June 10, 2025
  • Sports
    SportsShow More
    Bola Ray appointed Vice Chairman of President’s Cup Sponsorship Committee
    Bola Ray appointed Vice Chairman of 2025 President’s Cup sponsorship committee
    June 13, 2025
    Kotoko and Hearts set to clash in 2025 President’s Cup on July 6
    June 13, 2025
    Minister of Sports and GHALCA officials inaugurate Sponsorship Committee for 2025 President’s Cup
    Ministry of Sports and GHALCA inaugurate Sponsorship Committee for 2025 President’s Cup
    June 12, 2025
    Ghana Black Queens players during a match under Coach Kim Bjorkegren
    Black Queens drop to 66th in FIFA rankings, now 6th in Africa
    June 12, 2025
    Police Ladies football team to compete in CAF Women’s qualifiers
    Police Ladies to represent Ghana at 2025 WAFU B CAF Women’s Champions League qualifiers
    June 11, 2025
  • Technology
    TechnologyShow More
    AgriTech Challenge Pro showcases potential of the agricultural sector to create jobs for the youth
    May 29, 2025
    Crypto regulation to spur innovation, attract investment
    May 20, 2025
    Ghana Grows Empowers 32 Youth with Skills Training and Business Support
    May 16, 2025
    Real QLED – Samsung’s innovations redefine picture quality standard
    May 14, 2025
    Real QLED TV from Samsung: Mirroring real life
    May 14, 2025
  • International
    InternationalShow More
    President Mahama and UK High Commissioner Harriet Thompson in farewell handshake
    Mahama bids farewell to UK High Commissioner, commends four years of corporation
    June 13, 2025
    Haruna Iddrisu seeks Qatar’s support to establish Islamic medical school in Northern Region
    June 12, 2025
    Ghana Foreign Minister Samuel Okudzeto Ablakwa with Chinese officials at China-Africa Summit
    China grants 0% tariff on all Ghana exports in historic trade agreement
    June 12, 2025
    Interpol Issues Red Notice for Former Finance Minister Ken Ofori-Atta
    June 5, 2025
    Elon Musk Unloads on Trump Following Fallout Over Spending Bill
    June 5, 2025
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Scam Alert: 17 entities operating without License – SEC, EOCO Warn
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
Business

Scam Alert: 17 entities operating without License – SEC, EOCO Warn

Emmanuel Agyabeng By Emmanuel Agyabeng Published September 13, 2022
Share
SHARE

The Securities and Exchange Commission, SEC, together with the Economic and Organized Crime Office ,EOCO are advising the general public to be vigilant and to desist from investing in all unlicensed investment products from 17 entities operating without approval. The culprits were made out after a joint investigation conducted in line with the mandate of SEC and EOCO.

In a joint release, SEC and EOCO disclosed that the said entities operate largely via online platforms. They include:

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

 

The two bodies say they are 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 and the integrity of the market are protected.

They continue to implore members of the public to report activities of such entities.

About SEC

The Securities and Exchange Commission is established by the Securities Industry Act, 2016 (Act 929) with the object to regulate and promote the growth and development of an efficient, fair and transparent securities market in which investors and the integrity of the market are protected.

Functions of the Commission

  • Advise the Minister on matters relating to the securities industry.
  • Maintain surveillance over activities in securities to ensure orderly, fair, and equitable dealings in securities.
  • Register, license, authorize or regulate, in accordance with the Act or the Regulations, the establishment of securities exchanges, commodities and futures exchanges, securities depositories, clearing and settlement institutions, credit rating agencies, fund managers, investment advisers, unit trusts, mutual funds, hedge funds, private equity funds, venture capital funds, nominees, underwriters, issuing houses, registrars, custodians, trustees, primary dealers, broker-dealers the mode of conduct of securities businesses, issues concerning Accounts and Audits, the establishment of fidelity funds and trading in securities.
  • Formulate principles for the guidance of the industry.
  • Monitor the solvency of license holders and take measures to protect the interest of customers where the solvency of a license holder is in doubt.

Starrfm.com.gh/103.5fm/Securities and Exchange Commission

You Might Also Like

President Mahama Announces $30,000-Ton Rice Mill Project in North East Region

KTU and Mastercard launch 10-year agribusiness project to empower Ghanaian youth

GH¢1/Litre Fuel Levy Critical to Power Sector Recovery – IMF

Dr Bisiw-Kotei secures China deal to create 10,000 jobs in Ghana

Mahama to end YEA contract with Zoomlion following Manasseh’s petition

TAGGED:crimeEconomic and Organized Crime Office (EOCO) - GhanascammersSecurities and exchange commission
Share This Article
Facebook Twitter Email Print
Share
Previous Article Patrice Evra given rousing welcome as he arrives in Ghana
Next Article Two remanded over 86 sacks of narcotic drugs

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?