Executive Director of the Financial Services Commission, Everton Mcfarlane accepts this latest costly lesson by Stocks and Securities Limited as an opportunity for all stakeholders in the financial sector to strengthen themselves against fraud.

Mcfarlane also accepts it will require enhanced financial education of the masses to help reduce the risks of investing. The Financial Services Commission boss says aside from the unprecedented breach the industry has been quite resilient and radical in limiting and detecting fraud.

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Reporter: Nicola Brown

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