The Mona School of Business and Management (MSBM) at the University of the West Indies, Mona, is to lead an exploration of the legal and regulatory framework of the Jamaican securities industry during a seminar slated for The Jamaica Pegasus hotel next Wednesday (March 1).

With VM Wealth as the lead sponsor, the seminar is being held in association with the Private Sector Organisation of Jamaica (PSOJ) and the Jamaica Chamber of Commerce (JCC).

Under the theme ‘Understanding the Framework of the Securities Industry in Jamaica’, the seminar is being presented against a backdrop of increased interest in the sector and a need for greater understanding of the rewards and risks of owning securities, the regulations that govern them and compensation schemes.

NEW FSC CHAIR TO ADDRESS SEMINAR

Leading the speakers at the event will be Richard Byles, governor of the Bank of Jamaica and recently appointed chair of the Financial Services Commission.

Other presenters include: Shirley-Ann Eaton, attorney-at-law and legal counsel, MSBM; Dr Twila Mae Logan, associate clinical professor of finance at the Chaplin School of Hospitality and Tourism Management- Florida International University; Antoinette McKain, CEO of the Jamaica Deposit Insurance Corporation and Steven Gooden, president of the Jamaica Securities Dealers Association.

Dr David McBean, executive director of the MSBM, said the seminar is in alignment with the school’s advocacy role and its commitment to “being relevant and responsive to matters that affect the business and management landscape”.

Said McBean: “MSBM has a rich history of not only providing the highest calibre of management education through our degree courses, but also providing a space for public discourse on matters of importance to the business sector. In hosting this seminar, we hope to provide information on business models and investor risks in the securities sector, provide information on types of compensation schemes and provide information on the public knowledge/perceptions of the securities sector or what constitutes the securities sector.”

In offering the support of his organisation in the hosting of the seminar, PSOJ President Metry Seaga said: “The PSOJ recognises the importance of bolstering the country’s financial sector and ensuring that all citizens benefit from a resilient financial ecosystem that serves their best interests.”

Seaga added: “A key component of this is the continued provision of informative seminars such as this one being held by the Mona School of Business and Management that will provide industry best practices and key learnings for all stakeholders in the securities industry and, by extension, the wider financial ecosystem. The PSOJ is pleased to be a partner for this timely forum as part of our continued efforts in positioning the private sector at the forefront of efforts to restore and retain public confidence within the financial sector.”

The event has been accredited by the Institute of Chartered Accountants of Jamaica which will offer ‘2 verifiable CPD credits’.