Complaints lodged against BHI Trust date back six years
A formal FSCA investigation into BHI Trust in 2020 found that several financial sector laws had been contravened.
The SARB has forfeited to the state cash totalling R42m from Berdine Odendaal’s bank accounts, as well as her R18m property in Paarl’s Val de Vie estate.
Read moreA formal FSCA investigation into BHI Trust in 2020 found that several financial sector laws had been contravened.
The court-appointed joint provisional trustees of BHI Trust are urging investors and creditors to submit their claim forms timeously.
Legitimate fund managers do not promise to double your money in 24 hours.
The FSCA says its investigation into BHI Trust will include regulated entities that may have promoted the collective investment scheme’s products.
The contravention came to light during an on-site inspection by the FSCA.
The fingerprints of affected individuals may be taken to check information such as their qualifications and criminal records.
The Pension Funds Adjudicator also says the conduct of retirement fund administrators during a transfer of administration should be regulated.
The number of FSP licence approvals was the lowest in the past three years.
The sanctions follow an investigation which found that the entity was not authorised and its clients were not underwritten.
Billy Seyffert, the chief operating officer of Moonstone Compliance, will share his insights on remuneration models in the insurance industry at the upcoming FPI convention.
The waiting period restriction in the Policyholder Protection Rules puts microinsurers at a competitive disadvantage, the Authority says.
The information gathered by the study will help to shape the Authority’s Final Position Paper on Open Finance.
Just enter one or two numbers – the spreadsheet does the rest.
Fraudsters are abusing the brands of Ashburton Investments and Moneyweb to reel in the unsuspecting.
‘Conduct of this kind undermines public confidence in financial markets and leads the general public to believe that the system is rigged and unfair,’ Tribunal says.
The Rules increase the limit on the compensation the Ombud can award complainants and provide for changes to the Office’s jurisdiction and procedures.