MyWealth entities fined R73 million and founder debarred for 20 years
Investors were promised returns of up to 400%, but there was no legitimate financial product or investment activity, the FSCA says.
The FSCA and PA urge financial institutions to prepare for the standard’s implementation despite the provision for a transitional period.
Read moreInvestors were promised returns of up to 400%, but there was no legitimate financial product or investment activity, the FSCA says.