The public has been warned by the Securities and Exchange Commission (SEC) not to invest in platforms that operate under the names Yepbit Exchange and Bonchat because they are suspected fraudulent investment schemes that lack a Ghanaian operating licence.
The Securities and Exchange Commission (SEC) has warned the public not to do business with investing platforms that use the names Yepbit Exchange and Bonchat.
The agency claimed in a July 15, 2026, public notice that the two platforms are suspected fraudulent investment schemes that are requesting money from the general public, including through digital and crypto-asset platforms.
The SEC claims that neither Yepbit Exchange nor Bonchat have a Commission licence to offer trading or investing services in Ghana.
Before making a financial commitment, the Commission recommended potential investors to confirm the license status of any organization providing trading services or investment products.
Additionally, it warned that programs that promise very high or guaranteed returns should be avoided by the public because they are frequently linked to fraudulent investment operations.
The SEC also issued a warning against investment schemes where the main source of income is recruiting new members rather than engaging in legal investing operations.
The public was urged by the regulator to notify the Commission of any dubious investing platforms.
Sections 3 and 208(c) of the Securities Industry Act, 2016 (Act 929), as amended, were used to issue the notification.
The warning, according to the SEC, is a component of its mission to protect investors and preserve the integrity of Ghana’s capital market while advancing a fair, effective, and transparent securities market.
Source: newsthemegh.com