ECSRC Emphasises Investment Licensing Requirements
The Eastern Caribbean Securities Regulatory Commission has issued a notice
advising that all persons soliciting or conducting securities business or providing
investment advice in the Eastern Caribbean Currency Union must be licensed by
the Commission. The notice, issued on March 6th, indicates
that in keeping with the provisions of the Securities Act, securities must be
registered by the Commission before they can be issued to the public. The notice further reminded all investors and potential investors of the need to seek
and accept advice only from licensed securities dealers or investment advisers,
and to ensure that they have full information about the investment product, entity
and the person with whom they have chosen to invest. Investors should also request audited financial statements and other pertinent documents,
such as investment and loan agreements, and certificates of participation and
seek advice from an attorney or licensed investment adviser, the ECSRC concluded. .
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