News
JAM | Jan 17, 2023

SSL removes images of board directors from its website amid scandal

/ Our Today

administrator
Reading Time: 2 minutes
The screengrab reflects board membership of SSL as outlined on the website up to January 13, 2023 however it does not reflect some changes to the board that would have taken place before that date

In the middle of an ongoing billion-dollar scandal, Jamaican investment firm Stocks and Securities Limited (SSL) has removed the names and photos of its leadership team from its website.

While the reason for the removal was not immediately clear, SSL also included a notice on its online platform indicating that it was now under the direction of the Financial Services Commission (FSC).

The SSL notice added that persons with urgent queries should contact the FSC.

SSL Jamaica’s Hope Road headquarters in St Andrew. (Photo: Facebook @SSLJamaica)

“Thank you for your interest in Stocks and Securities Ltd ( SSL). Further to our press release on January 12, 2023, please note the company is currently under the direction of the Financial Services Commission (FSC) and so responses from SSL may be delayed at this time,” the message read.

“We understand that clients are anxious to receive more information and assure you that we are closely monitoring the matter throughout all the required steps and will alert our clients of the resolution as soon as that information is available. Do contact the Financial Services Commission with urgent queries. Thank you for your patience and kind understanding.”

SSL website about page

Last Friday (January 13), news surfaced that a number of the SSL’s clients had been impacted by a massive fraud amounting to sums in excess of $1 billion going missing from their accounts. Among the clients affected by the fraud was sprint legend Usain Bolt. cluding that of former Jamaican track and field athlete and sprint legend Usain Bolt.

READ: SSL probe after millions go missing from Usain Bolt’s account

Comments

What To Read Next