Protect against Pyramid Schemes

Don’t fall Victim to ‘Easy Money Scams’ A primary role of the TTSEC is to protect investors. We do this by educating the public about their rights and responsibilities as investors and informing them about investment fraud. The TTSEC also works closely with other Regulators to take action against financial fraud and investment scams, such as Pyramid Schemes’. The Financial System Regulatory Authorities: the Trinidad and Tobago Securities and Exchange Commission (TTSEC), the Financial Intelligence Unit of Trinidad and Tobago […]

Managing Financial Health in Challenging Times

Introduction: The recent global pandemic caused by the outbreak of the Novel Coronavirus, COVID-19, has inevitably impacted Trinidad and Tobago. Many non-essential services have regulated their hours of operation or closed; and businesses, organisations and government Ministries, have all adjusted their working operations and conditions to ensure the safety of their workforce and all citizen/residents. These are challenging and uncertain times, and in such circumstances, a major fallout as a result of such limitations is, a reduction in income due […]

Online Fraud- Part 3

Many investors and potential investors are turning to social media and online search tools for research on particular stocks, background information on a broker-dealer or investment adviser, guidance on an overall investing strategy, up-to-date news, or to simply discuss the markets with others.                            Their exposure to risk from online fraudsters has increased significantly and if they are not properly informed about these risks, then they may become victims of online fraud. While social media can provide many benefits for investors, […]

Identifying Affinity Fraud- Part 2

How do you protect yourself from Affinity Fraud? The best way to protect yourself from any kind of financial scam or fraud is to become an informed investor. Basically the more we know, the better we are able to identify fraudulent activity and avoid being a victim. We are also better positioned to help others make more informed decisions.   Here are some tips that we really want you to tell everyone: Ask questions and get the facts about any […]