The Trinidad and Tobago Securities and Exchange Commission (TTSEC) is fully aware that investors in 2013 have less disposable income, are more susceptible to risk, must be more prudent in their financial decision making and must become financial literate. It is against this backdrop that, the TTSEC partnered with the National Financial Literacy Programme of the Central Bank of Trinidad and Tobago to conduct free investor/financial education sessions for various formations of the Trinidad and Tobago Defence Force (TTDF) during the month of June. Participants in these sessions, which numbered more than 600, included officers at all ranks from the Trinidad and Tobago Regiment, Trinidad and Tobago Coast Guard, Trinidad and Tobago Air Guard and Trinidad and Tobago Reserves. These sessions were conducted at bases in both Trinidad and Tobago and aimed to demystify financial concepts and terms so that the officers can be equipped with the tools that they need in order to better understand and evaluate the risks and benefits of various financial products and to recognise, avoid and report illegal investment schemes.
According to the International Organization of Securities Commissions’ Principles of Securities Regulation, “regulators should play an active role in the education of investors and market participants.” The Commission adheres to the tenets of this principle and will continue employing existing and new strategies to educate and empower citizens to make wise financial choices. At one of the sessions, a female officer indicated that “in all my years in the TTDF, no one has ever come here to explain these terms to us and provide us with all this information.”
These outreach sessions are a key part of the Commission’s Investor Education Programme which uses print, electronic, digital and traditional methods to empower investors and potential investors and promote investor awareness.
This is the second interface that the Commission has had with the TTDF. In 2012, the Commission conducted eight (8) investor/financial education sessions for the various formations. Two additional sessions will be conducted with the TTDF bases at Galeota and Cedros during the week of July 15.