The recent plea deal resulting in a 25-year prison sentence for Craig Warriner is under scrutiny for allegedly failing to serve the interests of justice and providing minimal benefit to the State beyond administrative closure.
The Hawks and the Authority are still investigating whether any of the assets administered by N-e-FG can be recovered.
Jaco van Heerden, once a director at Medbond, is the managing director of Oceanfront Financial Solutions, whose FSP licence has been provisionally withdrawn.
The applicant only became aware in May last year that the decision to debar her constituted administrative action.
The Authority responds to media statements by entities claiming to be the first or only licensed institutions.
Medsafu’s letters alerted the applicant that the outcome of the process may include debarment, the Tribunal finds.
Nirvesh Financial Services was also penalised for failing to ensure that its representatives, Veracity and its directors, complied with the applicable laws.
Investors were promised returns of up to 400%, but there was no legitimate financial product or investment activity, the FSCA says.
The agenda includes FICA compliance, the roll-out of Omni-CBRs, and managing the risks around business email compromise.
The Authority should have conducted its own investigation and not relied solely on information provided by the insurer, the Tribunal says.
The agenda includes FICA compliance, the roll-out of Omni-CBRs, and managing the risks around business email compromise.
One of the businesses admitted to issuing more than 4 000 policies and collecting R14 million in premiums without having a licensed underwriter.
The Authority warns key individuals not to associate their names with ODP operators without knowing how they are conducting their business.
A provisional sequestration order for the estate of Classic Financial Services director Jacobus Geldenhuis has been granted.
The FSP conflated the requirements for debarment under section 14 of the FAIS Act with the requirements and procedure for a debarment by the FSCA.
The sales agent was accused of manipulating quotes to reduce clients’ motor vehicle insurance premiums.
The first in a series of articles that explains the competence requirements for people who want to enter the financial services industry.
