The Securities and Exchange Commission(SEC) has warned the public not to do any business with Wiseling Online Investment Company, a Finnish-based company operating in Ghana
According to the SEC, it has not licensed the company 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).
“WISELING ONLINE INVESTMENT COMPANY is therefore not regulated by the SEC. The General Public is advised to be cautious with investing in unlicensed products,” the statement said.
Below is the full statement
SECURITIES AND EXCHANGE COMMISSION, GHANA
The Securities and Exchange Commission (hereinafter referred to as “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.
The General Public is hereby put on notice that WISELING ONLINE INVESTMENT
COMPANY, a Finnish-based company operating in Ghana has not been licensed by the
Securities and Exchange Commission (SEC) 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).
WISELING ONLINE INVESTMENT COMPANY is therefore not regulated by the SEC. The
General Public is advised to be cautious with investing in unlicensed products. The General and investing Public is further advised 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 wishes to reassure all Market Operators, Investors, and the General Public that it is dedicated to ensuring rigorous implementation of all the rules for operators in the Capital
Market 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.
This Public Interest Warning is issued pursuant to Sections 3 and 208(c) of the Securities
Industry Act, 2016 (Act 929).
ISSUED BY ORDER OF
THE SECURITIES AND EXCHANGE COMMISSION
DATED: 23rd FEBRUARY 2021
