SEC warns the public on electronic commerce scheme

Accra, Jan. 13, GNA - The Securities and Exchange Commission (SEC), has warned the public to desist from doing business with Chy Century Hong Ye Group Limited and Sairuir E-commerce Ghana Limited.

These entities, according to the Commission were not licensed to carry out any Capital Market activity including; investing or trading for returns as mandated by Section 3 of the Securities Industry Act, 2016 (Act 929).

The public interest warning is issued pursuant to Sections 3 and 208(c) of the Securities Industry Act, 2016 (Act 929).

A statement issued by the Commission and copied to the Ghana News Agency in Accra on Wednesday advised the public to be cautious with investing in unlicensed products.

It also advised the public to consult SEC through its toll-free line number 0800100065 or main line number 0302768970-2 to confirm the licensing status of any firm offering products or services relating to investments in the Capital Market.

The statement reassured all Market Operators, Investors and the public that it was dedicated to ensuring rigorous implementation of all the rules for operators in the Capital Market in order to promote the orderly growth and development of an efficient, fair and transparent securities market in which investors and the integrity of the market are protected.