00:00The event held at the Chagones Borough Hall marked the official start of a nationwide campaign to promote financial literacy and investment awareness.
00:09CEO of the Trinidad and Tobago Securities and Exchange Commission, Mr. Kester Guy, highlighting the goal of the IE program.
00:17Today's launch symbolizes our commitment to stepping out of the traditional classroom experience and offices and other meeting places into our neighborhoods and communities.
00:32Chagones Mayor, Faiq Mohamed, spoke of the risk associated with the Ponzi schemes and pyramid scams and urged the public to take full advantage of this session on financial education.
00:44These scams, they often collapse, leaving families devastated, savings wiped out, and trust eroded.
00:52Globally, we can look at the 2008 financial crisis, where risky investment practices and a lack of proper regulatory oversight led to the economic turmoil, bankruptcies, and job losses worldwide.
01:07Financial education is not just about managing wealth, it's about protecting livelihoods.
01:15Ms. Ellen Lewis, communications manager of the TTSEC, discussed the core principles of sound investing and financial management.
01:23She also highlighted the role of the TTSEC in ensuring that the TTSEC is the regulator of the local securities industry and has a mandate for investor protection.
01:34This initiative represents a pivotal step in bringing an investor education program directly to the heart of our communities, empowering individuals with the knowledge and tools needed to make informed financial and investment decisions.
01:47According to Ms. Lewis, the TTSEC's main objective is to equip the public with the information they need to successfully navigate the investing world.
01:56Our goal is simple, to empower you, the members of our communities, with the knowledge and confidence to navigate the world of investing, enabling you to achieve financial security and ultimately wealth creation.
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