Explore the Category

There is protection in the market

22 March 2018

After the Steinhoff debacle in December 2017, fund managers are approaching investments with a more cautious view cognisant of how quickly a company can crumble. However, the Financial Services Board (FSB) reports that the regulator is on top of market abuse issues and that its Directorate of Market Abuse (DMA) has been somewhat successful in its role in the industry.

FSB warns the public against Destidex Investments (Pty) Ltd trading as StockTraders

16 March 2018

The Financial Services Board (FSB) warns the public to act with caution when dealing with Destidex Investments (Pty) Ltd trading as StockTraders (“StockTraders”), an entity purporting to be in association with a registered financial services provider, and its agents.

FSB Warnings

13 February 2018

FSB warns the public against Instant Group SA

The curatorship of Bosele National Provident Fund

12 February 2018

On 8 February 2018, the Mahikeng High Court granted an application brought by the Registrar of Pension Funds in terms of section 5(1) of the Financial Institutions (Protection of Funds) Act, 2001 for the appointment of curators to the Bosele National Provident Fund. The court appointed Mr Malcolm Campbell and Mr Ntshengedzeni Anthony Michael Tshivhase as the joint curators of the Bosele National Provident Fund.

quick poll

Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

View the Results