The Securities and Exchange Commission (SEC) has warned the public against investing with YEPBIT Exchange and BonChat after identifying the two platforms as suspected fraudulent investment schemes operating in Ghana.

In a public notice issued on July 15, 2026, the SEC said the two entities had been soliciting investments from members of the public, including through digital and crypto asset platforms, without the required licence.

“YEPBIT Exchange and BonChat are not licensed by the SEC,” the notice stated.

The Commission said it is mandated under the Securities Industry Act, 2016 (Act 929) to regulate Ghana’s securities market and protect investors.

It advised the public to verify the licensing status of any company offering investment or trading services before committing funds by contacting the Commission directly. The SEC also urged investors to be wary of platforms that promise unusually high or guaranteed returns.

The Commission further cautioned the public against investment schemes in which earnings depend mainly on recruiting new participants, explaining that such arrangements are a common feature of Ponzi schemes. It also encouraged Ghanaians to report suspicious investment platforms to the SEC.

The Commission encouraged members of the public to report suspicious investment platforms to the SEC for investigation.

The notice was issued by order of the Executive Management of the Securities and Exchange Commission under Sections 3 and 208(c) of the Securities Industry Act, 2016 (Act 929), as amended.