HE Financial Services Commission (FSC) is seeking to assure the public that fraudulent events at Stocks and Securities Limited (SSL) are not an indication that the securities dealers industry in Jamaica is no longer safe for people to invest, but added that certain regulated changes may have to be made to reduce the chances of another occurrence in the sector.

The FSC is also set to face the media today to answer questions about the issues that have been uncovered so far, and its role in regulating the sector, in the wake of many people expressing concerns about the safety of their investments from fraud.

“From the work that we do, fraud in the industry is not commonplace, and certainly fraud at the scale of what has occured is even less commonplace,” Everton McFarlane, executive director of the FSC, told the Jamaica Observer in a short phone call on Tuesday.