Guidelines for Investing Wisely

It is the end of the year, and you’ve saved just enough to make an investment and support a new saving goal, as you enter the New Year 2022. You’re about to explore the potential of investing in the local securities industry.

This is great! You need to consider a few things before you jump right in. For instance, consulting with a registered financial adviser and conducting the necessary research to ensure that the company, and the security that you are interested investing in, are registered with the Trinidad and Tobago Securities and Exchange Commission (TTSEC). This can be easily achieved by visiting our corporate website at TTSEC.ORG .

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The Cost of Investing

Participating in the securities market comes at a financial cost. This week’s article focuses on the types of costs incurred by investors participating in the securities market. The products and services within the securities market are diverse and carries varying costs. Costs will be attributable to Broker-Dealing services, Collective Investment Schemes (“CISs”)/Mutual Funds, Wealth Management, Repurchase Agreements and Asset Backed Securities.

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Building a Culture of Compliance Part 1 (3)

Building a Culture of Compliance- Part 1

The International Organisation of Securities Commissions (IOSCO) defines compliance as a function that, on an on-going basis, identifies, assesses, advises on, monitors and reports on a market intermediary’s compliance with securities regulatory requirements, including whether there are appropriate supervisory procedures in place.

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How to Avoid Becoming a Victim of Affinity Fraud

Financial fraud can take many forms including Boiler Room scams, Pump and Dump Schemes, Ponzi and Pyramid schemes. Affinity Fraud ranks among the most predominant in operation globally, particularly within a close-knit society or community, and can thrive or even go unreported.

The United States Securities and Exchange Commission defines Affinity Fraud as ‘investment scams that prey upon members of identifiable groups, such as religious or ethnic communities, the elderly, or professional groups. The fraudsters who promote affinity scams frequently are - or pretend to be - members of the group’.

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TTSEC- How we protect the investing public

TTSEC – How We Protect the Investing Public

Over the course of this article series, the Trinidad and Tobago Securities and Exchange Commission (TTSEC) has sought to educate the market and the public on its role and functions; and to demystify the operations of the local securities market, in order to engender greater levels of trust and confidence among investors. There has been significant focus on the measures utilised by the TTSEC to afford protection to investors, as provided for under the Securities Act, Chapter 83:02 (SA), and emphasis is placed on the important role of the individual, in ensuring his/her own investment interests are safeguarded by exercising due care and attention prior to any investment decision.

The TTSEC’s core divisions play a major role in the preventative aspects of regulation by providing guidance to market participants, conducting surveillance and investigations, initiating enforcement action for breaches of the securities legislation and through an aggressive investor education and public outreach programme. We will now look at the specific functions associated with preventative regulation.

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INVESTMENT EDUCATION