The Trinidad and To­ba­go Se­cu­ri­ties and Ex­change Com­mis­sion (TTSEC), the reg­u­la­tor of the lo­cal se­cu­ri­ties mar­ket, has start­ed an in­ves­ti­ga­tion in­to the en­ti­ty named Tril­lions Sys­tems Ltd, which has re­ceived mil­lions of dol­lars from mem­bers of the pub­lic with promis­es of large re­turns.

In a pub­lic no­tice is­sued on Mon­day, the TTSEC said Tril­lions Sys­tems or its pro­mot­ers or rep­re­sen­ta­tives "may be in­volved in the of­fer­ing of in­vest­ment op­por­tu­ni­ties in­volv­ing cryp­to as­sets with­out the req­ui­site reg­is­tra­tion and/or ex­emp­tion un­der se­cu­ri­ties laws."

"The pub­lic is ad­vised that Tril­lions Sys­tems is not reg­is­tered with the TTSEC in any ca­pac­i­ty," the no­tice con­tin­ued.