Trinidad and Tobago Securities and Exchange Commission
Trinidad and Tobago Securities and Exchange Commission
11/15/2022 | Press release | Distributed by Public on 11/15/2022 13:08
Ponzi Type Schemes Now Prohibited
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.