Thursday, 28 March

Don’t do business with Chy Century Heng Yue Group Limited/Sairui E-Commerce Ghana Limited – SEC warns

Business
SEC boss

The Securities and Exchanges Commission (SEC) has warned the public to desist from doing business with Chy Century Heng Yue Group Limited/Sairui E-Commerce Ghana Limited as they have not been 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).

“Chy Century Heng Yue Group Limited/Sairui E-Commerce Ghana Limited are, therefore, not regulated by the SEC,” the commission warned in a statement.

 The Public has been advised to be cautious with investing in unlicensed products and to consult the 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 SEC in its statement reassured all market operators, investors and the public that it is 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.

SEC is the statutory body mandated by the Securities Industry Act 2016 (Act 929) 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.

One of the core functions of the SEC is to maintain surveillance over activities in the securities industry and to protect investors by publishing at regular intervals information to the public to inform their investment decisions.

 

Source: classfmonline.com/Emmanuel Mensah