TTSEC celebrates World Investor Week, launches blog series on how to avoid scams

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TTSEC celebrates World Investor Week, launches blog series on how to avoid scams

In celebration of World Investor Week (WIW) 2020, the Trinidad and Tobago Securities and Exchange Commission (TTSEC) has launched an online ‘I Will…’ campaign to raise awareness about individual and collective resiliency as a result of the COVID-19 Pandemic.

The initiative is being done in collaboration with the International Forum for Investor Education (IFIE) Caribbean Working Group (CWG).

The TTSEC will also execute several other public education initiatives focussed on preserving one’s hard-earned money, protecting one’s hard-earned money from investment scams and fraudulent activity, and increasing awareness about fraud, the avenues for redress, and how to lodge a complaint

One of the activities being undertaken by the TTSEC to heighten investor and public awareness to become financially resilient will involve an investor education blog series on Investing and Avoiding Scams.

The blog series will focus on encouraging wise financial planning, saving, budgeting, investing for the future, and avoiding scams. Blog articles, which outline the basics for any investor, will be accessible on their Investor Education website

TTSEC said the financial and socio-economic impacts of COVID-19, have given rise to illegal investment offerings, such as Pyramid Schemes.

The ‘I Will…’ campaign will also seek to raise awareness among citizens about protecting their money, particularly during times like these, where persons may be vulnerable and easily susceptible to quick money-making scams.

It will focus on the importance of investing, only in registered products and consulting only registered individuals, who to complain to, and tips on how to avoid scams.

WIW is celebrated between October 5-11.