Director-General Security Exchange Commission (SEC) Ghana, Rev. Daniel Ogbarmey Tetteh says individuals must take personal responsibility for whatever decision they make when investing their funds in the various Market Operators.
Speaking at an investor education programme dubbed time with SEC, he said it behoves on customers to understand the ins and outs of whatever financial bonds there are before agreeing to it.
“When it comes to investment, there is a tradeoff between risk and return…high return will go with high risk… and if it does not go well the question is did you know or you did not know. The fundamental thing is that take responsibility, if you do not understand something stay away from it,” he emphasized.
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Time with the SEC is a programme designed to provide relevant and targeted investor education about the SEC, the Ghanaian Capital Market, and the latest updates in the Securities Industry.
According to Rev. Ogbarmey Tetteh, it is time to stem the recent investment losses in the country as the Securities and Exchanges Commission has put some measures in place to stop the fleecing of the Ghanaian populace.
On his part, Nana Kobina Nketsia V Paramount Chief of the Essikado Traditional Area in the Western Region of Ghana also called on financial institutions to lead with integrity and character while admonishing the court to fast track the court processes and penalize financial institutions guilty of Ponzi schemes to serve as a deterrent against such occurrences.
The Educational Forum entailed understanding SEC, its mandate, regulatory framework, tools and powers, latest updates on the Government Bailout Program and next steps. Ponzi Schemes Education and Capital Raising.
Source: Herty Ann Hawkson/ATLFMNEWS
