The Acting Director-General of the Securities and Exchange Commission (SEC), James Kludze Avedzi, has disclosed that the Commission is drafting a new bill that will make provision for the creation of an Investor Compensation Fund to further protect investors in Ghana’s capital market.
According to him, the fund will serve as a safety net for investors who may lose their money through no fault of theirs despite SEC’s monitoring and regulatory interventions.
Speaking to Journalist at the sidelines of a public engagement held in Koforidua, as part of SEC’s nationwide investor education campaign aimed at raising awareness about the Commission’s role and the importance of financial literacy.
He said the new bill will among other regulations SEC ensures all regulated entities comply with rules that safeguard investors’ interests.
However James Klutse Afedzi cautioned the public against the increasing number of fraudulent online investment schemes taking advantage of technological advancements.
Eastern Regional Minister Rita Akosua Adjei Awatey said the public education is key to enlighten and boost public confidence in the securities sector.
Story by: Kojo Ansa/Koforidua
