ECSRC Shares Guidelines To Protect Citizens From Scammers

- Advertisement -

The Eastern Caribbean Securities Regulatory Commission (ECSRC) performs a very important function as it seeks to protect its citizens and investors while helping to develop the securities market operations.

Speaking on this week’s episode of ECCB Connects, Chief Executive Officer of the ECSRC, Alousia Faisal, shares information about how ordinary citizens can protect themselves from scammers.

Faisal says, that some of the signs and common tactics that scammers use include the prospect of gaining wealth quickly; the urgency of investing; and the promise of guarantees. She adds that any guarantees promised without any risks should be a cause for concern, as investments by nature are risky and there are times when your investment returns will fluctuate.

Several channels are used by these scammers including emails, WhatsApp messages and telephone calls.

- Advertisement -

Faisal emphasises that when shares are sold publicly on the Eastern Caribbean Securities Exchange (ECSE), there is a prospectus.

In instances where shares are offered online, investors should conduct proper research by checking with the regulators of that company to ensure that the investment is legitimate.

She points out that the ECSRC offers licenses to traders and this information is accessible on their website. She confirms that only these persons who are listed are authorised to trade.

SOURCE: Eastern Caribbean Central Bank

- Advertisement -
Editorial Staff
Editorial Staff
Our Editorial Staff at St. Lucia Times is a team publishing news and other articles to over 200,000 regular monthly readers in Saint Lucia and in over 150 other countries worldwide.

1 COMMENT

  1. ECSRC thank you for the enlightenment. Based on the information I suggest you assist our students nurses at SALCC. That administration of the department of Nursing need to know what is scam and what is not. Thank you.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

TRENDING

Subscribe to our St. Lucia Times Newsletter

Get our headlines emailed to you every day.

spot_img
spot_img
Share via
Saint Lucia Nursing Fraternity Mourns The Death Of Kezia WilsonRead
+ +
%d bloggers like this:
Send this to a friend