Major Stories

Meadows Concern for Those Who Won’t Recover from SSL Loss

Former JLP Senator turned PNP Member, Dennis Meadows, says the Financial Services Commission (FSC) -fell down on the job and therefore the government, including the Finance Minister must be blamed. He says it is unfortunate Usain Bolt suffered in this incident, but fears for those who have no way of recouping their losses. 

The government must take some amount of responsibility for the unfortunate happenings at the Stocks and Securities Limited (SSL) and the related issues in how the regulator the FSC handled those concerns to date; that’s according to newly converted PNP supporter and former JLP Senator, Dennis Meadows. He says if Finance Minister Dr Nigel Clarke was indeed in the wrong by any measure, he too should tender his resignation.

His comments follow news that the Finance Minister was alerted to concerns at the entity by way of a letter from the FSC back in 2019. However, Dr Nigel Clarke says it was never brought to his attention.

And while Meadows explain that bolt’s loss is unfortunate and no doubt significant, he says he worries for the alleged victims who are not likely to rebound from this hit. The Opposition has been lamenting that the government ought to and should have done more over the years by way of policy and effective oversight to protect the interest of the investing public. Watch the report:

Recent Posts

⁩ 8 PEOPLE ARRESTED IN ILLEGAL SLAUGHTERHOUSE MATTER

An illegal slaughterhouse was uncovered at Big Lane, Central Village, St. Catherine, around 7 AM…

1 day ago

Government Wins Appeal in Court Ruling on Paula Llewellyn’s Tenure

The Court of Appeal has ruled in favour of the government regarding the tenure of…

2 days ago

FLOW Reports Major Vandalism of Fibre Cables in Half-Way Tree

Flow Jamaica is reporting severe vandalism that has disrupted services for numerous customers in the…

2 weeks ago

CHEC Selected As Main Contractor for Multi-Billion Dollar SPARK Programme

The Government of Jamaica has signed $36 billion in road network contracts and announced an…

2 weeks ago

Indecom to Offer Oversight in Mas Camp Incident Allegedly Including Off-Duty Police

The Independent Commission of Investigations (INDECOM) will provide oversight regarding the Mas Camp incident, which…

3 weeks ago

New Integrity Commission Reports Reach Parliament

The Integrity Commission has submitted an investigation report and an indicative ruling from its director…

3 weeks ago