FSC monitoring TKY

The Financial Services Commission (FSC) says it has been monitoring TKY after members of the public contacted it about the controversial investment scheme.

However, the non-bank financial sector regulator has stopped short of saying whether or not it has taken action against the company, which is a suspected Ponzi scheme.

TKY reportedly crashed on Tuesday and left thousands of Barbadians who invested in it with financial losses.

Responding to questions on the issue, the FSC said: “The commission has received tips and queries from the public surrounding the business and its operations and has consequently been monitoring the situation, notwithstanding the fact that TKY was neither registered nor licensed with the commission.

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