A get rich quick culture is being blamed for the relatively relaxed approach one analyst is ascribing to Jamaican investors. This after some 40 investors were fleeced of millions of US dollars allegedly by a wealth advisor from Stocks and Securities Limited.
Economist and Analyst Ralston Hyman says the onus is on the investor as much as it is on the entity tasked with investing one’s money for oversight. Hyman bemoaning the loss to the clients which allegedly includes one sitting member of Parliament and Olympic superstar Usain Bolt says Jamaicans must become more critical of where they invest.
He explains people are now buying stocks just to flip them but have no real knowledge of the risks. Ultimately he fears also that in this latest saga that those who have lost their millions will not likely recoup that money from the firm.
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Reporter: Neika Lewis
