Market Warnings / Notices / Advisories

WARNING NOTICE - IOSCO Statement | Date: 2023-12-18

Online harm can take many forms, encompassing, for example, the inappropriate online promotion of risky investments, misleading statements made in advertisements or social media content, and fraudulent and illegal online activity or other investment scams, including those involving digital assets. While the misconduct patterns might be familiar, the ease of such online misconduct and the borderless nature of the online environment present new and growing challenges as novel forms of crypto-asset or technology-based fraud are increasing. The growing sophistication in the application of artificial intelligence (AI) to all facets of society has the dual potential of magnifying the scale and impact of harmful online activities and providing new and powerful ways for regulators to detect, deter and disrupt such more

WARNING NOTICE - JMD Investments and Commodities Inc. | Date: 2023-12-11

This WARNING is issued by the Eastern Caribbean Securities Regulatory Commission (“the Commission/ECSRC”) pursuant to Article 5(q) of the Eastern Caribbean Securities Regulatory Commission Agreement 2020 and the Commission’s mandate to protect investors under the Securities Act 2001 of the laws of the member countries of the Eastern Caribbean Currency Union (ECCU).

The Commission advises the general public that the entity JMD Investments and Commodities Inc. whose registration number is 202-00042, and whose registered address is 1st Floor Meridian Place, Choc Estate, Castries, Saint Lucia is neither licensed nor registered by the Commission to carry on securities business in Saint Lucia or any other member country of the Eastern more

MARKET NOTICE - Citizenship by Investment and Securities Legislation: Unauthorised Offer of Securities | Date: 2023-02-14

The Eastern Caribbean Securities Regulatory Commission (ECSRC) (“the Commission”) advises the public in the Eastern Caribbean Securities Market (ECSM) that any person or company wishing to engage in the issue or offer of shares/securities, whether via a public or private issue or offer, must first seek the authorisation of the Commission as per the rules and regulations detailed under the Securities Act[1].

Section 92 (3) of the Act governs the public offer of shares and provides that “no person shall make a public offer of securities unless the issuer or offeror of the securities has submitted for approval to the Commission a prospectus which complies with this Act, and the Commission has approved the prospectus” more

MARKET NOTICE - ECSRC: Appointment of Commissioners | Date: 2023-02-13

In accordance with Article 13(1) of the Eastern Caribbean Securities Regulatory Commission Agreement 2020, in a decision taken via round robin, a quorum of five members of the Monetary Council, appointed for a term of five years, the following commissioners, effective 23 January more