T&T Securities and Exchange Commission

IN our two previous articles we shared some of the tools that you can use to get started with investing, as a means of making your money work for you. We focused on some of the available resources on our investor education website www.investucatett.com including a risk profile test, Investor Education Manual and Work Book and Online course, blog articles, life stages and our Investing Game, InvestorQuest-TT – www.InvestorQuest-tt.com. We also discussed some of the key considerations prior to making an investment, such as your risk appetite, your investor profile, setting financial goals and knowing the types of registered investments available in our local capital market.

In this final instalment in our three-part investor education series, we share some tips on how to select a stockbroker or broker-dealer and how you can protect yourself from investment fraud or scams.

Before making an investment you must decide which brokerage firm to utilise. These are referred to as a broker-dealer, a stockbroker, sales representative or account executive. There are currently seven registered stockbrokers in Trinidad and Tobago and these can be found on the website of the Trinidad and Tobago Stock Exchange (Stock Exchange). A stockbroker is a professional trader who buys and sells shares on behalf of clients. The…

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