Protect yourself from fraud and manipulation. Here’s what you need to know:
Every investment has risk. ECMA in collaboration with other law enforcement entities is working to reduce systemic risks & protect investors from risk caused due to lack of information and disclosure. But investors must protect themselves from fraudulent companies and investments. Common red flags include promises of guaranteed returns, pressures to act quickly, and exaggerated advertisements.
If you see activities that are/or seem
Every investment has risk. ECMA in collaboration with other law enforcement entities is working to reduce systemic risks & protect investors from risk caused due to lack of information and disclosure. But investors must protect themselves from fraudulent companies and investments. Common red flags include promises of guaranteed returns, pressures to act quickly, and exaggerated advertisements.
The Tribunal consists of five members appointed by the Prime Minister, including a Chairperson, Vice Chairperson, and three other members. The Chairperson and Vice Chairperson must meet qualifications equivalent to those eligible for appointment as judges of the Federal High Court, with expertise in securities, commerce, finance, or accountancy. The remaining members also possess substantial experience in law, securities, or finance-related fields.
The Tribunal adjudicates appeals promptly, delivering decisions within 60 days of filing a notice of appeal. Decisions may confirm, vary, set aside, or remit matters back to the Authority with directions, and must include detailed reasons and evidence-based findings.
Dissatisfied parties can further appeal to the Federal High Court on questions of law within 30 days of receiving the Tribunal’s decision.
Address
Minaye Corporate Building 15th Floor
Flamingo Area, Kirkos
Addis Ababa, Ethiopia
This public notice is directed at publicly held companies established or raising capital through public subscription under the Commercial Code of Ethiopia. Specifically, it concerns companies with more than fifty (50) shareholders, regardless of the sector or industry in which they operate.
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