The global financial crisis of 2008 underscored the need for greater emphasis on strengthening investor protection mechanisms by incorporating safety measures into securities regulatory frameworks. The Securities Act 2012 (SA 2012) enables the Trinidad and Tobago Securities and Exchange Commission (TTSEC)) to protect investors through enhanced:
(1) Information on disclosure requirements;
(2) Regulation of institutions, firms, brokers and self-regulatory organisations;
(3) Prevention of fraud; and
(4) Sanctions for violations and enforcement action.
The TTSEC, as regulator of the securities market, is charged with the overall responsibility of providing protection to investors from unfair, improper or fraudulent practices; fostering a fair and efficient securities market; and implementing systems and procedures that can reduce systemic risks. One of the ways through which these objectives are achieved is by ensuring that all investors, whether large institutions or individual investors, have access to the same facts about an investment prior to purchasing it, and for the entire duration of time that it is held in their portfolio.