Compliance - Regulatory / FAIS Ombudsman

Determination: The Reformed Christians for Truth Church v Merit Legal

Misrepresentation damages the name of the industry

Misrepresentation is one of the most rampant adherent practices in the financial services industry, and is one that regulators want to put an end to. But how does one achieve this when regulators and the Ombudsmen cannot take a matter beyond a certain point?

FAIS Ombud: Determination: De Vleesshauwer v Brickhill and Two Others

Determination shows the need for draconian measures

While there is no doubt that combatting fraud and corruption within the financial services industry is a major challenge, one needs to determine how wide the net is, and where the unsavoury activities are rooted before an appropriate solution can be sought.