Unpaid investment advice still counts: Tribunal upholds five-year debarment
An unpaid role in an investment club has resulted in a five-year debarment after the Tribunal found that the arrangement fell outside the stokvel exemption.
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Tribunal tells FSP it cannot use debarment as punishment
A financial services representative’s unpaid debts and alleged fuel-card misuse were not enough to justify debarment.
Repaying a client loan doesn’t save a representative from debarment
The Tribunal found that repayment could not undo the misconduct of borrowing from a client and failing to disclose the arrangement.
Retirement complaints hit record high as unpaid contributions dominate
Section 13A complaints accounted for more than 61% of cases investigated and closed in 2025/26, while the OPFA’s carry-over of unresolved matters increased.
IBanxso, IMedbond, kunye neSteinhoff zinyuse izohlwayo zeFSCA zafikelela kwi-R2.9bn
Ingxelo yeMisebenzi yoLawulo ibonisa indlela iGunya elidibanisa ngayo izohlwayo, ukurhoxiswa kweelayisenisi, kunye nokukhutshwa kwempahla ukuze kulungiswe ukuziphatha okubi kakhulu
Uhlaziyo lweembiza ezimbini (Two-pot) aluvuli izibonelelo zeRA –Tribunal
Le nkqubo yazisa ukufikelela okulinganiselweyo kwinxalenye yemali eyongiweyo, kodwa ayizange itshintshe izithintelo ekudala zikhona zokutsalwa kwemali ezisebenza kwii-akhawunti zomhlalaphantsi (ii-RA).
Debarment set aside after call record contradicts key allegations
The Tribunal questioned Clientèle’s ‘free’ voucher advertising and sales script, while the insurer says its Royalty benefit is provided at no additional cost.
Tribunal: FSCA cannot impose joint-and-several penalties under section 167
The FST says the factors in section 167 of the FSRA are individual in nature and must be assessed in determining the appropriate penalty for each person.
Tribunal halves former trader’s market-manipulation penalty
The FSCA improperly allowed cost-recovery considerations to influence the sanction and did not assess the applicant’s financial benefit separately from his client’s.
Tribunal upholds JSE censure of Mantengu over delayed cautionary
The company should have acted in June 2023 when it suspected that confidential information about a R100-million acquisition had been compromised.
Wrong email address leaves FSP unable to pursue debarment
The Tribunal found that proceedings had not commenced before the six-month deadline, preventing it from sending the matter back for reconsideration.
Dishonesty not required for debarment on integrity grounds
The Tribunal found that a serious breach of the duty to protect confidential client information can establish unfitness even where no misuse or harm is proved.
When one dishonest act is enough for debarment
The Tribunal weighed the representative’s clean record and lack of personal gain against her deliberate falsification of a client’s investment instruction.
Final FSCA levies gazetted for 2026/27
Moonstone’s updated calculator enables FSPs to estimate their Schedule 2, Ombud Council, Tribunal, and FAIS Ombud levy components.
Tribunal draws line between discipline and debarment
An FSP cannot treat debarment as an automatic consequence of a disciplinary finding, the Tribunal says, setting aside a process riddled with procedural failures.
Tribunal sets aside Sanlam debarment over client cash deposits
The adviser breached Sanlam’s internal cash-handling rule, but the conduct did not establish a lack of honesty and integrity.
Document checklist falls short in retirement fund withdrawal dispute
The Tribunal found that evidence of tax non-residence must be assessed against the legislation, with clear reasons given when it is considered insufficient.
