The Securities and Exchange Commission (SEC) has warned the investing public against engaging with an unlicensed investment scheme being promoted by Mekanism Marketing Ltd. In a public notice, the regulator stated that Mekanism Marketing Ltd, also referred to as “Mekanism,” is not licensed, authorized or approved to operate in Ghana’s capital market. The SEC indicated that any investment activity undertaken by the entity constitutes an unauthorized and illegal capital market activity. According to the Commission, information available to it shows that the scheme is being promoted online through social media advertisements and other digital platforms to solicit funds from members of the public. The entity reportedly requests deposits for investment purposes and promises fixed daily returns that vary depending on the amount invested. SC further noted that participants are required to undertake vague and unspecified activities described as “Job 1” to “Job 10” as a basis for earning ...