Business

Public warned against doing business with 17 unlicensed investment firms

Thus, the public has been warned to exercise caution around these 17 unlicensed businesses.
$550 million has been allocated by International AGRA to combat food insecurity and climate change in Africa.

In a statement, the regulatory body, the SEC, pleaded with the public to “be careful and refrain from investing in all unregistered investment products.”

The Economic and Organized Crime Office was established by the Economic and Organized Crime Office Act, 2010 (Act 804) as a specialized organization to monitor and investigate economic and organized crime. The SEC is the primary regulating body of the securities sector.

The Economic and Organized Crime Office is tasked with preventing and detecting organized crime under Section 2(a) of the Economic and Organized Crime Act 2010 (Act 804).

Additionally, as per Section 3(d) of Act 804, EOCO is responsible for taking reasonable precautions to stop the commission of the crimes listed in Section 3(a), including tax fraud, money laundering, human trafficking, and other serious offenses. These crimes include financial or economic loss to the Republic or any State entity or institution in which the State has financial interest.

The SEC and EOCO began joint investigations into the actions of specific businesses, which they claimed are “primarily functioning via online channels,” as part of this mandate.

SEC and EOCO’s full statement below:

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