SEC ENGAGES SECURITY AGENCIES ON THE GHANAIAN CAPITAL MARKET.

security and Exchange Commission

The security and Exchange Commission has engaged members of the Criminal Investigations Department(CID) and the Economic and Organized Crime Office(EOCO) through its market education program dubbed ‘Time with SEC’.

The initiative forms part of SEC’s strategic thrust of educating strategic partners including law enforcement agencies on critical issues regarding the Ghanaian Capital Market.

Speaking at the event, Rev.Daniel Ogbarmey Tetteh, Director General of the Security and Exchange Commission, underscored the need for the SEC and law enforcement agencies to work together to ensure investor protection by deepening existing partnerships and improving current practices.

He also stated that the SEC together with key agencies such as the EOCO and CID would continue to work together to ensure Market Operators respond to their fiduciary duties.

He, however, advised that investors should exercise a duty of care to conduct their due diligence on Market Operators and also ensure that they understand the risk-return characteristics of investment products before investing.

Rev.Daniel Ogbarmey Tetteh assured Ghanaians of his outfit plan to establish a Financial Data Centre, which would be a repository of comprehensive investment information to enable all investors to better inform their investment choices

On his part, Assistant Commissioner of Police(ACP) and Deputy Director-General of the Criminal Investigations Department(CID), Mr. Frederick Kwadwo Agyei stated that the primary duty of the CID is to investigate crimes, and to accomplish this, the agency needed to build the capacity of its investigators.

Mr. Frederick Kwadwo Agyei, therefore, welcomed the opportunity for such an engagement and expressed optimism that the platform given to them by SEC will become of immense benefit to the CID.

He expressed the agency’s willingness to continue to work hard to reduce crime in the country especially in the Ghanaian Capital Market.

Mrs. Aba Jacqueline Opoku, Deputy Executive Director In-Charge of Monitoring and Intelligence at the Economic and Organized Crime Office(EOCO) emphasized that a viable capital depends on effective law enforcement agencies.

She highlighted the role of EOCO in detecting and preventing economic crime and taking actions against such criminal activities in collaboration with other security agencies.

Mrs. Opoku mentioned the existing relationship of EOCO with SEC throughout the recent Asset Management Clean-up exercise.

She pledged EOCO would continue to work together with the SEC to bring confidence to the investment community.

By Kwabenah Darkwa / Sokynewsgh.com / SOKY TV / Ghana

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