PNP wants tighter control measures to be implemented following attempts by SSL members to wind up company

In the wake of reports that the members of Stocks and Securities Limited, attempted to wind up the company, opposition spokesman on finance Julian Robinson wants tighter control measures to be implemented.

Mr. Robinson expressed concern that not enough is being done to prevent any further compromise of the case, and to protect the investing public.

The spokesman added that its inappropriate for the temporary manager to have to rely on the support of SSL staff some of who may be compromised by conflict of interest.

Mr Robinson further called for the Major Organised Crime and Anti-corruption Agency (MOCA) to take on the lead investigator role, for the probe into the multi million dollar fraud case.

Stocks and Securities Limited is under scrutiny after reports emerged that monies from the accounts of several investors were missing.

The adequacy of the financial services commission, in its oversight of SSL, has also been brought into question.


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