Four years after its launch, the local stock market was “handicapped” by low trading volume and regulatory problems, US Ambassador David Robinson told his bosses in Washington in 2007, saying that Guyanese preferred to lose their money in traditional investments, real estate or to leave altogether.
Robinson, in an April, 4, 2007 cable that has been made public on the WikiLeaks website, also said a row between the Guyanese Association of Securities Companies and Intermediaries (GASCI) and Banks DIH also made potential investors suspicious. He noted that after the Guyana Securities Council (GSC) won a court battle to review Banks DIH’s financial records,
