SEC warns public against unlicensed investment scheme by Mekanism Marketing Ltd
The Securities and Exchange Commission (SEC), Ghana, has issued a public notice cautioning against an unlicensed investment scheme being promoted online by Mekanism Marketing Ltd, also referred to as “Mekanism.”
The SEC stated unequivocally that the entity is not licensed, authorised, or approved to operate in Ghana’s capital market, making its activities illegal.
According to the notice dated February 16, the scheme solicits funds from the public through social media advertisements and online platforms, promising unrealistic fixed daily returns based on vague tasks labeled “Job 1” to “Job 10.”
The SEC described these promised returns as unsustainable and bearing features of a fraudulent scheme designed to lure unsuspecting individuals.
The Commission warned that operating without a valid licence contravenes the Securities Industry Act, 2016 (Act 929), and the Companies Act, 2019 (Act 992). Offenders are liable to administrative and criminal sanctions. The SEC is collaborating with law enforcement agencies to take action against those behind the scheme.
The public is urged to verify the licensing status of any investment entity through SEC’s official channels: Toll-Free 0800 100065,
Read the full statement below
