The Securities and Exchange Commission (SEC) is cautioning the public against doing business with some 17 entities offering funding merchandise with no license.

In a joint statement issued by SEC and the Economic and Organized Crime Office (EOCO), it was revealed that these entities had been discovered to be working by means of on-line portals.

This was a results of investigations executed by the SEC and EOCO which seemed into the activities of some entities primarily working by way of on-line channels.

The statement urged the public to desist from partaking with the next unlicensed funding entities; PatronPay Ghana/PetronPay Ghana, Cedi Network Ghana, Bitcash Investment, Solmax Group, Freedom Synergy, FxKash Investment, Binomo Investment and Hi Pay.

The relaxation are, Quick Earn, Lite Earn, Snap Finance, Faucet Wealth Investment, Opay Investment, Payme Financial Services, Passive Income, Yvonne Hanson Deals and Alpha Pay.

The public has been admonished to be vigilant so as not to fall prey to such unlicensed corporations.

SEC and EOCO within the statement added that Capital Market Operators, Investors, and the General Public must be assured that the SEC, in collaboration with all related legislation enforcement companies, was dedicated to making certain the rigorous enforcement of all of the securities legal guidelines for operators within the Capital Market to promote orderly development and growth of an environment friendly, honest, and clear securities market wherein traders and the integrity of the market are protected.

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