The public is hereby advised that J&S Finance Company Limited, Beyond Accounting Services Limited and Barcon Limited are not, and have never been, registered with the Trinidad and Tobago Securities and Exchange Commission (“the Commission”)
The Trinidad and Tobago Securities and Exchange Commission (“the Commission”) has confirmed that a foreign national, Mr. Ramy Ghattas an employee or agent of Bear, Stearns & Co. Inc. (“Bear Stearns”), has on a number of occasions visited and conducted business of a securities nature in the Republic of Trinidad and Tobago.
The Trinidad and Tobago Securities and Exchange Commission (“the Commission”) is warning investors to check the registration status of any person or company purporting to deal in securities or offering investment advice.
Manipulation connotes intentional or willful conduct designed to deceive or defraud investors by controlling or distorting market activity. Non-disclosure or false or misleading information is usually essential to the success of a manipulative scheme.
The Ponzi scheme derives its name after the famous Carl Ponzi whose case came to the forefront in the 1920’s. Ponzi stole US$9.8 million in a scheme which operated in Boston. Over 10 thousand investors were involved.
