The Securities and Exchange Commission (SEC) has issued a public notice cautioning investors against engaging with an unlicensed investment scheme operating under the name Mekanism Marketing Ltd.
In the notice, the SEC stated that Mekanism Marketing Ltd is not licensed, authorized, or regulated to operate in Ghana’s capital market. The Commission warned that the activities of the entity appear to constitute unauthorized and potentially illegal investment operations.
According to the SEC, information available indicates that the company uses social media platforms and online channels to solicit funds from members of the public. The scheme is reportedly deposit-driven and promises fixed daily returns depending on the amount invested. The Commission further noted that Mekanism Marketing Ltd requires participants to undertake vague and unspecified activities described as “jobs” to earn returns.
The SEC emphasized that investing with unlicensed entities exposes the public to significant financial risks and potential loss of funds. It urged members of the public to verify the licensing status of any investment firm with the Commission before committing their money.
The Commission also advised the general public to desist from investing in Mekanism Marketing Ltd and similar schemes that operate without regulatory approval.
The SEC reiterated its commitment to protecting investors and promoting integrity in Ghana’s capital market.
By: Bernard Mensah
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