The Securities Commission of The Bahamas is responsible for the administration of the Securities Industry Act, 2011, the purpose of which is to:
- provide protection to investors from unfair, improper or fraudulent practices.
- foster fair and efficient capital markets and confidence in the capital markets in The Bahamas.
- reduce systematic risk.
- reduce the extent to which it is possible for a regulated business to be used for a purpose connected with financial crime such as money laundering, fraud and insider dealing; and.
- promote public understanding of the financial system including awareness of the benefits and risks of different kinds of investment or other financial dealing (Securities Industry Act, 2000 s. 3).