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Fraudsters come in all shapes and sizes, but there are a few con artists who integrate themselves into your community, or religious, professional or social group, like ‘a thief in the night’, and influence your leaders, and by extension your peers, to invest in a fake investment. At the time you do not realise that the “investment” is actually a scam, and you subsequently become unwitting victims of the fraud. These fraudsters exploit the trust and friendship that exist in […]
It does not matter if you’re a seasoned investor or just starting out, anyone can fall victim to scam artists and fraudsters. Here are some guidelines to help you make more informed decisions and avoid scams. Ensure your investment in securities is secure. Securities offered to the public must be registered with the Trinidad and Tobago Securities and Exchange Commission (TTSEC). Registration is important because it provides investors access to key information about the company’s management, products, services, and finances. […]
The Trinidad and Tobago Securities and Exchange Commission (TTSEC) often receives questions about investment advisers—who they are and how to go about choosing one. This document answers some of the typical questions we receive from investors. Q: What is an investment adviser? A: An investment adviser is an individual that is in the business of and receives compensation for, giving advice to clients on investing in securities such as stocks, bonds or mutual funds. According to the Securities Act, 2012 – “Investment […]
Over time every economy either thrives or declines and then, in most cases, makes its way back up again in a cyclical manner. When an economy is challenged, you have to take a very close look at your finances. You ultimately need to review, regroup and perhaps recoup depending on your circumstances. Taking steps to manage your spending can help you position yourself to survive a financial setback such as getting laid off from your job. In difficult economic times, […]