Jamaica’s former Prime Minister PJ Patterson has delivered a blistering critique of the Financial Services Commission (FSC) for its handling of the massive fraud scandal at Stocks and Securities Limited (SSL).

Speaking at a People’s National Party (PNP) event in St. Andrew, Patterson called on the FSC to prepare a “top-class legal team” to defend against potential lawsuits from investors. He questioned whether the FSC breached its statutory duties by failing to prevent the fraud, arguing that the agency is “clearly exposed to civil action.”

Story link:

Former PM PJ Patterson warns FSC to prepare for lawsuit over SSL scandal