The Securities Commission of The Bahamas (SCB) announces the appointment of Velma Miller as the manager of its Market Surveillance Department, effective Monday, May 13, 2013.
Miller, a Bahamian, holds a bachelor's degree in banking and finance and is a chartered financial analyst (CFA) charterholder. She also successfully completed the Canadian Securities Course (CSC) and holds the International Capital Markets Qualification (ICMQ) from the Securities Institute, United Kingdom.
Miller has extensive experience managing investments. Employed with Royal Fidelity Merchant Bank for 12 years, she spent her last seven years in management. She most recently held the position of manager, investments. During her employment at Royal Fidelity, Miller was responsible for managing investment portfolios for institutional and high net worth individuals. She has also managed the Brokerage Department at Royal Fidelity and was responsible for overseeing the daily operations of the trading and brokerage department. She authored the daily and weekly stock market commentary for clients; provided investment advice and executed other client directed instructions, in addition to preparing financial analyses on listed public companies and writing stock recommendation reports.
Prior to working in the securities market, Mrs. Miller worked in the banking sector for five years.
The SCB is pleased to welcome Miller to the team.
The Securities Commission of The Bahamas (SCB) is a statutory body established in 1995 pursuant to the Securities Board Act, 1995. That act has since been repealed and replaced by new legislation. The commission's mandate is now defined in the Securities Industry Act, 2011 (SIA, 2011). The commission is responsible for the administration of the SIA, 2011 and the Investment Funds Act, 2003 (the IFA), which provides for the supervision and regulation of the activities of the investment funds, securities and capital markets. The Commission, having been appointed Inspector of Financial and Corporate Services effective January 1, 2008, is also responsible for administering the Financial and Corporate Service Providers Act, 2000.
The Commission's is mandated to: advise the Minister on all matters relating to the capital markets and its participants; maintain surveillance over the capital markets and ensure orderly, fair and equitable dealings in securities; foster timely, accurate, fair and efficient disclosure of information to the investing public and the capital markets; protect the integrity of the capital markets against any abuses arising from financial crime, market misconduct and other unfair and improper practices; promote an understanding by the public of the capital markets and its participants and the benefits, risks and liabilities associated with investing; create and promote conditions that facilitate the orderly development of the capital markets and perform any other function conferred or imposed on it by securities laws or Parliament.

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