TTSEC – Trinidad and Tobago Securities and Exchange Commission advises the public of certain amendments to the Securities Act Chapter 83:02 (“the Act”) of the Laws of the Republic of Trinidad and Tobago.
A new Section 165A has been inserted after the existing Section 165 of the Act to provide for the criminalising of any ‘prohibited schemes’, namely Ponzi and pyramid-type schemes.
Media Release- Ponzi Schemes Now Prohibited
Related article:
Joint Media Release – Financial Sector Regulators on Pyramid Schemes