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.
Watch the full report here:
Reporter: Neika Lewis
J. Wray & Nephew Limited, a subsidiary of Campari Group, has expanded its premium spirits…
Based on media reports and calls from journalists, I understand that I am the subject…
Work to improve a critical section of the Mandela Highway through Central Village came to…
The voters of St. Ann North Eastern go to the polls today (September 30, 2024)…
Reprehensible, abominable, and repulsive! That’s how the Integrity Commission is describing a fake document circulating…
Detectives in St. James have charged 30-year-old Joseph McKenzie, also known as "Geo," with the…