The Securities and Exchange Commission (SEC) has issued a public notice warning against 23 entities operating on social media and online platforms, promoting and offering unlicensed investment products in the country.
In a notice dated July 22, 2026, the SEC stated that none of the listed entities have been licensed to carry out capital market activities as mandated by Section 3 of the Securities Industry Act, 2016 (Act 929), as amended.
The entities include AfriHub, BG Wealth, BP Investment, Creative Walker Promotion Company (CWPC), Dallmayr, Expert (Expect) Option, GAIP Securities Learning & Exchange Group, Ghana Vest, Harvest Fund, Infarms/Secure Farm, Kukafor Platform, Mazzuma, Medisyne Trade, NIO Platform, Profit Rise Invest, QuantVest Stock Exchange (QVSE), QVES, QX Broker/Qumatix, Smart Gain, Yepbit Trading, ZEC ZEC FX, Bonchat, and Ultima Cryptocurrency Group.
The SEC said it is currently collaborating with law enforcement agencies to clamp down on the people behind these entities and schemes. The Commission warned the general public to be vigilant and to desist from investing in these unlicensed products.
The public is further advised to refer to the SEC through its toll-free line number 0800100065, main-line number 0302768970-2, or send an email to
This Public Notice is issued pursuant to Sections 3 and 208(c) of the Securities Industry Act, 2016 (Act 929), as amended.
