TTSEC
Fraud is fraud! No matter how you categorise it, or how it is packaged, you have a responsibility to recognise it before you are duped out of your hard-earned money. There are different types of fraud and financial fraud is a serious issue. In this article we discuss Affinity fraud. Affinity Fraud Affinity fraud refers to investment scams that prey upon members of identifiable groups, such as religious or ethnic communities, the elderly, retiree groups or professional groups. These fraudsters […]
Are you prepared? Our country was recently shaken by an earthquake, the likes of which most of us have never experienced. At times like these, persons become very aware that they are not fully prepared to handle such life-changing events and they promise themselves to become more resilient. At the Commission we are also concerned about our stakeholders’ financial security in the wake of natural disasters. In our outreach sessions we always advise persons to have a minimum of six […]
“I want to be financially independent.” That’s a goal that many aspire towards, but do we really understand what that means? What does being financially independent mean to you? According to the experts, ‘financial independence’ means having enough money to cover all your expenses, without relying on income from employment; It can be considered the moment when your investments start paying more than your expenses. But how do you attain financial independence? Here are a few things to keep […]
Theme: Invest with Confidence! A lack of financial preparedness has huge societal costs. Financial Literacy and Investor Education are key life skills for improving individuals’ ability to better manage their money. In Trinidad and Tobago (T&T), we have recognised that there are portions of the population who are unbanked and who are unaware of all the financial and investment options available. The Trinidad and Tobago Securities and Exchange Commission (TTSEC), as the regulator for the securities industry […]