Robo-Advisers Are Here: What should you know?

With the emergence and phenomenal growth of financial technology (FinTech) globally, has been the rise of Automated Advice Tools or what is otherwise referred to as ‘Robo-Advisers’.  These are digital platforms that provide automated, algorithm-driven financial planning services with little to no human supervision.  Essentially, this involves a computer programmer creating software …

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Registration of Trust Form Collective Investment Schemes as Reporting Issuers

Trinidad and Tobago Securities and Exchange Commission has been faced with certain challenges to the application of the Securities Act, 2012 (the SA 2012) and the Securities (General) By-laws, 2015, as they relate to the registration of Collective Investment Schemes (CISs) constituted via trust.  These challenges are based on the …

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Compliance Reviews of Registrants – Another Way Investors are Protected

The conduct of compliance reviews (also known as inspections) is one of the mechanisms used by the Trinidad and Tobago Securities and Exchange Commission (TTSEC) for investors to maintain confidence in the local securities market. The Compliance and Inspections Division, of the TTSEC, is responsible for conducting compliance reviews to …

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Affinity Fraud – Scams that Target Relationships

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. U.S. Securities and Exchange Commission defines Affinity Fraud as ‘investment scams that prey upon members of identifiable groups, such as religious or …

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Mutual Funds and the Christmas Season

With the Christmas season  upon us and the anticipated  increases in the levels of consumer spending, persons are at this time weighing  options for financing new purchases whether it be a car, travel or renovations to their home. An assessment of investors’ withdrawals from the Collective Investment Schemes/Mutual Funds from …

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Fintech and T&T’s Securities Market

The pervasive nature of Fintech and other digital innovations in the financial sector have the potential to transform the securities industry in Trinidad and Tobago, and enhance our global attractiveness for investment potential.  This transformation may improve the efficiency of the market whilst reducing transaction costs and encouraging growth in …

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