The Government has appointed a new board at the Financial Services Commission (FSC) amid criticism being faced by the body regarding its oversight duties.

This comes amid the massive fraud uncovered at investment firm Stocks and Securities Limited (SSL).

Finance Minister Dr Nigel Clarke today disclosed that the commission will be chaired by Richard Byles, who is currently the Bank of Jamaica Governor.

Further, Clarke disclosed that four current members have resigned.

Langston Sibblies

Monica Brown

Erwin Burton

Christopher Record

Retained members:

* Erwin Burton

* Dennis Brown

* Kenisha Davis

* Hillary Robertson

See also:

New board for FSC | News | Jamaica Gleaner (jamaica-gleaner.com)

Prominent Attorney Is New Board Member For The FSC – Jamaica Information Service (jis.gov.jm)

Editorial | FSC bosses must clear air | Commentary | Jamaica Gleaner (jamaica-gleaner.com)

Report-on-Appointments-to-Public-Sector-Boards-as-at-25-July-2022.pdf (cabinet.gov.jm)

Olympic legend Usain Bolt has lost over $12.7 million from his bank account with the Jamaican private investment firm Stocks and Securities Limited (SSL), according to his lawyers. The FBI is officially involved in the investigation. 

See: https://www.cbssports.com/olympics/news/usain-bolt-situation-explained-olympic-legend-is-missing-12-7-million-in-alleged-fraud-scheme/#:~:text=Olympic%20legend%20Usain%20Bolt%20has,officially%20involved%20in%20the%20investigation.