Republic Finance and Merchant Bank Limited (FINCOR) has received a broker dealer licence from the Eastern Caribbean Securities Regulatory Commission, and is now eligible to operate in the Eastern Caribbean Securities Market.
FINCOR, a Trinidad based company, owned by Republic Bank Limited of Trinidad, will conduct business as a full service broker in the market through its branch in Grenada. As a broker dealer, the company will be able to trade on behalf of investors, providing them with advice on the purchase and sale of securities, as well as in the area of financial planning.
The granting of this new licence to FINCOR brings to eight the number of licensed intermediaries operating in the Eastern Caribbean Securities Market. The others are Antigua Commercial Bank, Antigua Barbuda Investment Bank, Bank of Nevis, Bank of St Lucia, National Commercial Bank (SVG) Ltd, National Mortgage Finance Company of Dominica and the St Kitts Nevis Anguilla National Bank.
