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SAN JUAN, Jan. 13 (AP) Jamaica’s financial authorities say they are investigating allegations of fraud at Stocks & Securities Ltd., a private wealth manager based in the capital, Kingston.
The firm’s clients include Usain Bolt, one of the world’s greatest sprinters, according to local newspaper The Jamaica Gleaner. Bolt’s manager, Nugent Walker, was quoted as saying Bolt had invested in the firm for more than a decade and his entire portfolio was under review after he discovered discrepancies in his accounts.
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The company did not immediately respond to a request for comment on Friday.
The Jamaica Financial Services Commission said on Thursday that it was reviewing all of the company’s transactions and that the company can continue to operate but requires government oversight and approval as the investigation continues. (Associated Press)
(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)
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