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SEC, EOCO flag 17 firms for operating illegally

The move comes after a joint investigation by SEC and the Economic and Organised Crime Office (EOCO) into the operations of these firms

The Securities and Exchange Commission (SEC) has cautioned the public against doing business with some 17 unlicensed firms in Ghana.

The move comes after a joint investigation by SEC and the Economic and Organised Crime Office (EOCO) into the operations of these firms.

A joint statement issued by SEC and EOCO advised the general public from investing in unlicensed investment 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 (SEC),” the statement said.

Below is the full statement:

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