Lodge a Complaint

The Guyana Securities Council (GSC) is a regulatory organisation tasked with regulating the Guyana securities market. Our duty as the market regulator include investigating violations of the Securities Industry Act 1998 and Regulations thereto.

Members of the public may file a complaint against any reporting issuer, and may report any regulatory violations involving the securities market. See Who We Regulate.

Please complete the following Complaint Form and then email it to us:

Pursuant to Section 14 of the Securities Industry Act 1998 all information received is treated in the strictest of confidence.

The GSC accepts visitors by appointments ONLY.
Contact us on telephone number +592-227-4235 or via e-mail between 8.00 a.m. and 4.00 p.m., Monday through Friday (except public holidays).

  • Unregistered entity purchasing and/or selling securities to the public or to more than fifty (50) persons.
  • An unregistered entity who fails, neglects or refuses to register as reporting issuer, having become a public company by the issuing of shares to the public or having more than fifty (50) shareholders at a given time.
  • A reporting issuer or unregistered entity which fails, neglects, refuses or recklessly discloses such information that is untrue, grossly inaccurate or makes a material misrepresentation so as to affect the decision making of potential investors.
  • A reporting issuer and/or its directors who are involved or engaged in insider dealings.
  • A reporting issuer and/or its directors who fail to make true or fair disclosures in its Annual Reports, including disclosing beneficial and associated interests held in the reporting issuer company.
  • A reporting issuer and/or its directors failing to make disclosures as to any material change in the reporting issuer.
  • A reporting entity engaging in any suspicious activity or transaction.
  • A reporting entity engaging in the financing of terrorism activity.
  • A reporting entity using funds derived from the proceeds of a known crime.
  • A reporting entity failing to comply with the Act in relation to the requirements of verification and/or identification of customers.
  • A reporting entity who is aware that an investigation into money laundering, terrorist financing or the proceeds of crime has been, is being or is about to be made to any of its customers and who divulges that fact or other information to the customer, thus causing the investigation to be prejudiced.
  • A reporting entity who knowingly falsify, conceal, destroy or otherwise dispose or cause or permit the falsification, concealment, destruction or disposal of any document or material which is likely or is likely to be relevant to an investigation into money laundering, terrorist financing, or the proceeds of crime.
  • A reporting knowingly or having reasonable grounds to believe that any property in whole or party of any of its customers is directly or indirectly represents the proceeds of a crime- and
    • Convert or transfers the property knowing or having reason to believe that property is the proceeds of crime, with the aim of concealing or disguising the illicit origin of that property.
    • Conceals or disguises the true nature, origin, location, disposition, movement or ownership of that property knowing or having reason to believe that the property is the proceeds of crime.
    • Acquires, possesses or uses that property, knowing or having reasonable grounds to believe that it is derived directly or indirectly from the proceeds of crime.
    • Participates in, associates with or conspires to commit, attempts to commit or aids and abets, counsels or procures or facilitates the commission of any of the above acts.
  • A reporting entity failing to accurately disclose or deliberately and falsely disclosing any one or more of the following information- the true appointment of a designated compliance officer, the implementation of control policies and procedures, the conduct of training and awareness for employees, the implementation of an independent audit function and the implementation of appropriate measures to management and mitigate risks.

The Guyana Securities Council, the Bank of Guyana and the Guyana Revenue Authority hold very distinct mandates, but together these agencies and bodies ensure financial regulation and compliance in Guyana.

The Guyana Securities Council is not a financial commission. We only regulate the securities industry in Guyana.

Financial Institutions as defined in the Financial Institutions Act, 1995 are regulated by the Bank of Guyana, the statutory licensing authority and regulator for financial institutions in Guyana as set out in the Financial Institutions Act, 1995.

The regulation of insurance, the promotion of competition in the insurance industry, the protection of consumers fall under the mandate of Insurance Act of 2016, of the laws of Guyana, which repealed all former Acts on insurance. All insurance business including pension funds are regulated and supervised through the Bank of Guyana

When a complaint is filed an investigation is commenced by the Compliance Unit to verify the information received and to determine what, if any, further action/s should be taken. A report is produced at the end of this process with the findings and recommendations of the investigation.

The report is forwarded to the Chief Executive Officer as to the findings and recommendations. If, after a consideration of the findings and recommendations of the issue/s, it is determined that further action should be taken, the Chief Executive Officer shall present same to the Board of the Council. However, the Chief Executive Officer may take such steps and/or actions as is necessary, depending on the urgency, gravity or nature of the matter and same is reported to the Board of the Council.

Further, based upon the findings and recommendations of the Report, should the issues involve any alleged or perceived breaches of the Anti-Money Laundering and Countering the Financing of Terrorism Act, 2009 and Amendments, a Suspicious Activity/Transaction Report is prepared and filed with the Financial Intelligence Unit.

Where the findings and recommendations involve a referral to the Board of the Council for approval, the Chief Executive Officer tables the complaint before the Board of the Council, who shall approve or reject any proposal made based on the findings and recommendations; including any sanctions that should be imposed.