JCSD

Can the JSE say who is Marcus Jeffrey La Rode?

The Jamaica Stock Exchange has some questions to answer and some serious work to do, based on information gleaned by ICinsider.com. Who is MARCUS JEFFREY LA RODE, with an address of LUM TACK HILL who is said to be the Holder of account starting with TTCD etc.?

The Jamaica Stock Exchange subsidiary

Why is this name appearing on a legitimate account that does not belong to the name now appearing on the investments account statement, and is the JSE aware of such developments in its system resulting in a name change? The other question is, what is the system in place to ensure that investors’ accounts are not tampered with and if that were to happen, what is the procedure to detect same and correct it. The JSCD has stopped sending statements to investors, while this publication understands that the FSC requires brokers to send out periodic statements of accounts to their clients.

tTech to refund JCSD fees

Subscribers to the initial public offering of the tTech shares who did not pay the JCSD fee of $134 with their applications will not be required to pay the amount and investors who actually paid will be refunded in full, Ramon Pitter of NCB Capital Markets, brokers to the issue informed IC Insider today.
Pitter said management agreed to the proposal from the brokerage house of the position recommended to them.
IC Insider learnt that the level of subscription was higher than first disclosed that the level of oversubscription now stands at close to 400 percent. Allocation of the shares has not been fully determined, Pitter indicates that all successful applicants will get at least the minimum of 5,000, with amounts over that amount to be determined when the final numbers have been agreed. The allocations should be know before Christmas with trading likely to commence before the year closes.
CAC 2000 public issue which was closed on Friday, is said to be over the amount by mid-day of Friday. The level of oversubscription was unknown earlier today, but seems not to be heavily over, with closer on the same day but ahead of the official closing date of Wednesday December 23.