SEC to license financial journalists who advise for profit

The Securities and Exchange Commission has indicated that financial journalists who advise for profit will soon have to be licensed before they can operate.

According to the SEC, the directive aims to bring the industry laws in line with international best practices.

It will also ensure that those who give investment advice are also licensed.

One of the architects of the securities law, Adu Anane Antwi told Joy Business the rationale for the directive is founded on the grounds that the advice of journalists can determine where investors put their money and journalists must not be allowed to offer such critical service if they have not been certified to do so.

The Securities Industry bill is currently before the Attorney General’s Office for scrutiny to ensure it is not in conflict with the country’s laws.

It will then be forwarded to Cabinet for consideration before being presented to parliament.



Source: Joy Business/Ghana