25 C
Accra
Saturday, May 8, 2021
No menu items!

SEC probes operations of Golden Empire Legacy

Must Read

Neymar signs new Paris St-Germain contract

Neymar has signed a contract extension with Paris St-Germain, keeping the Brazil forward at the French giants until 30...

Tanzanian city ‘running low on condoms’

Tanzania’s south-western city of Mbeya’s Councilors says the country is running out of condoms. The issue was reportedly raised at...

Eidul-Fitr Prayers can’t be held in large congregations – Chief Imam

The National Chief Imam, Sheikh Nuhu Sharabutu has declared that this year’s Eid-ul-Fitr Prayers and celebrations cannot be observed...

The Securities and Exchange Commission (SEC), has indicated that it is investigating the operations of the Golden Empire’s  Legacy. It is involved in trading of Gold.

The Director-General of SEC, Rev. Daniel Ogbarmey Tetteh said the company has not been licensed by the Commission, though it offers returns on investments to customers.

The operations of Golden Empire Legacy Limited and its association with gold trade comes almost a year into the debacle that hit the securities market following locked up investments with Menzgold Dealership company.

He furthered cautioned the public to be wary of risk to their investments until SEC completes its investigations.

“We have received some notice through the usual channels by which people notify us of these schemes and we will follow our usual due procedure in advising clients. But it is important for investors to always ask questions and one of the fundamental questions you should ask before you place your money with any firm is to find out the underlying investment because when somebody promises a high return and further states that the return is guaranteed, it means that there is high risk involved and you are better advised to look for the exit d,” he said.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Neymar signs new Paris St-Germain contract

Neymar has signed a contract extension with Paris St-Germain, keeping the Brazil forward at the French giants until 30...

Tanzanian city ‘running low on condoms’

Tanzania’s south-western city of Mbeya’s Councilors says the country is running out of condoms. The issue was reportedly raised at a meeting of Mbeya City...

Eidul-Fitr Prayers can’t be held in large congregations – Chief Imam

The National Chief Imam, Sheikh Nuhu Sharabutu has declared that this year’s Eid-ul-Fitr Prayers and celebrations cannot be observed in large congregations due to...

Majority Leader criticizes #Fixthecountry campaign saying it lacks basis

Front liners of the #Fixthecountry movement have launched a fresh hashtag called #NameAndShame on social media. With over 90,000 tweets the campaigners are tasking the...

Uber removes trip cancellation fees

Uber has announced that it will no longer charge trip cancellation fees. On Saturday, May 8, 2021, the company sent a message via email informing...

More Articles Like This