Home' Trinidad and Tobago Guardian : March 13th 2015 Contents A12
Guardian www.guardian.co.tt Friday, March 13, 2015
Applications will be accepted from ten (10) working days prior to the auction date. The
deadline for submission of tenders to the Domestic Market Operations Department of the
Central Bank is 12:00 noon on the auction date.
Central Bank of Trinidad
and Tobago and must accompany each tender. Cheque payments must be submitted no later
than three (3) working days prior to the auction date. Cashiers are open 8am to 12 noon
Monday to Thursday and 8am to 2:30pm on Friday.
Competitive tenders can be submitted for any amount up to the issue size and must state the
price the bidder is willing to pay for each $1,000 of the face value being applied for. Competitive
bids may be rejected if the face value of the entire issue is allocated at higher bid prices or if
made to a bid that is rejected.
bidder agrees to accept the weighted average price of the successful bids determined in the
For competitive tenders, payments must be in the amount of the total cost of the bills; for
non-competitive tenders, payments will be equivalent to the face value being applied for.
The Central Bank of Trinidad and Tobago invites tenders
from the public for the following issue:
TREASURY BILL AUCTION
www.central-bank.org.tt/content/treasury-bills or call
TRINIDAD AND TOBAGO SECURITIES AND EXCHANGE COMMISSION
Over the past week, advertisements from Acton Valley Investment which
offered "INVESTMENT OPPORTUNITIES" to members of the public, have
appeared in the print media. Through this advertisement, potential investors
were informed that they "stand to make up to 10x the investment capital
within a Period of 14 days" and that there was "no risk involved". Acton Valley
Investment also indicated that it specializes in, inter alia, "Foreign Exchange
("Forex") brokerage." Potential investors were also requested to contact an
email address given in the advertisement for more information and investment
The public is hereby cautioned and advised as follows:
Acton Valley Investment is not now and has never been registered with the
Trinidad and Tobago Securities and Exchange Commission ("the
Commission") to conduct business according to any of the following
categories: Broker Dealer, Investment Adviser, Underwriter, Reporting Issuer
or Self-Regulatory Organization.
Members of the public are reminded that:
• All offers to the public of securities (shares) must be registered with the
Commission under section 62 (1) of the Securities Act, 2012 ("the Act").
Only persons and entities registered by the Commission under the Act
are permitted to offer and deal in securities. Investors and potential
investors are further advised that they ought to be aware of the risks of
accepting investment advice from persons who are unregistered and/or
unqualified to provide same. Before making an investment decision or
paying for any investment advice, investors must ensure that their
broker dealer and/or investment advisers are registered with the
Commission. You can check our list of registrants by visiting our
website at www.ttsec.org.tt.
Persons and/or entities that trade in securities and/or offer securities to
the public without being registered with the Commission are contravening
the Act and are therefore, subject to sanctions/penalties imposed by the
Investors are also asked to be intimately familiar with their rights and
responsibilities as investors, in order to avoid becoming the victims of
scams and others forms of investment fraud.
For further information, please visit www.ttsec.org.tt or call 624 2991.
The National Carnival Bands Asso-
ciation (NCBA) has distanced itself
from the adjudication process of the
recently completed Carnival 2015
Parade of the Bands Competition.
The NCBA is facing several lawsuits
as well as the threat of an injunction
to block any payments to the 2015
winners until it responds to the
queries about the scores and non-
placement of the medium band, Mas
The NCBA, in a letter from its
lawyer Om Lalla, has distanced itself
from the judging process, saying that
all queries regarding the competition
should be put to chief judge Kerwyn
Curt Turnbull and not the NCBA.
This despite the fact that Turnbull
must submit all scores to the NCBA
and it is the NCBA that applies penal-
ties and disqualifications before pub-
lishing the winning list on its Web
Turnbull did respond to Mas Pas-
sion s query about its non-placement,
saying the band was not judged at
the Downtown judging venue. Turn-
bull stated that the band paraded
along the South Quay judging point
but did not present its registration
card in order to be judged. This, the
band contends, is not the case.
Mas Passion s owner and band-
leader Gerard Weekes told the T&T
Guardian that the adjudication process
was always a source of complaint for
band leaders. He said his band officials
handed over its registration card to
the NCBA representatives downtown
and the card was returned to the band
after it passed the judging point as is
"This is an issue I raised with the
NCC several times. Before the system
was computerised by the NCBA, there
was a stamped sheet confirming the
band was registered for the compe-
tition at each successive judging point.
"Now you hand over your regis-
tration card to the NCBA and there
is no guarantee or proof that they
would swipe the card to bring up your
bands registration information,"
He said his band manager and road
manager were both present when the
card was taken by the NCBA official
to be swiped and they were also pres-
ent when the card was returned to
the band s road manager.
"Why would we go through all the
trouble of paying the registration fee
and then not present our card? That
makes no sense."
Weekes said he would not let the
matter rest and has already obtained
sworn affidavits from his road and
band managers to testify that the card
was handed over to NCBA officials
and received after the band paraded
"I don t know how the NCBA plans
to address this issue but they would
have to answer because they are
responsible for my lack of scores. I
followed all the rules and they cannot
lose my scores or tell me I wasn t
judged and throw me out of the com-
petition," Weekes said.
More legal woes for NCBA over results
Former NCBA director, band leader
Rosalind Gabriel, is also in the middle
of litigation with the NCBA as it is
the body that disqualified her band
The T&T Guardian understands
that NCBA head, David Lopez, who
last week refused to comment on
any questions regarding internal
operations is currently operating
under strict financial parameters as
both the Ministry of Culture and the
National Carnival Commission have
refused to release any funds to
Lopez until he provides them with
the scores from the competition.
MORE MAS LITIGATION
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