![](https://www.moonstone.co.za/wp-content/uploads/Liquidation-4.jpg)
FSCA imposes R143m penalty on Classic Financial Services director, creditors unaffected
Jacobus Geldenhuis misused clients’ funds instead of investing in shares, FSCA finds amidst Ponzi scheme investigation.
Clients whose financial habits have been moulded by sound advice over many years are unlikely to act irresponsibly now, says Fairbairn’s Guy Holwill.
Read moreJacobus Geldenhuis misused clients’ funds instead of investing in shares, FSCA finds amidst Ponzi scheme investigation.
The exemption remains subject to the conditions announced in 2017, and COs must inform FSPs they are operating under the exemption.
The fine of R2m imposed on AYO’s Khalid Abdulla was reduced to R1.2m.
As Moonstone Business School of Excellence’s 2024 enrolment deadline nears, insights from last year’s top achievers offer guidance to prospective students.
In their latest scheme, fraudsters are peddling fake Regulatory Examination certificates, utilising the name and logo of Masthead (Pty) along with the FSCA’s.
Dr Jerry Chetty, Head of Business Integrity at Santam, examines the interconnectedness of insurance crime and the need for it to be dealt with as a priority crime.
There has been an increase in complaints about deceptive practices wherein fraudsters employ the details of celebrities to persuade individuals to invest.
The FSCA also alerts the public to a cryptocurrency trading platform that is not authorised to render services in South Africa
What, if anything, was decided about the legality of mandatory vaccinations in the workplace?
‘A key individual is not only responsible to oversee the categories of financial services for which he is licensed, but he bears an oversight role in relation to the FSP generally.’
Discovery Employee Benefits reports on claim trends in its 2023 financial year.
The complaint arose because the policyholders were under the impression the new policy had retroactive cover.
Moonstone Business School of Excellence reports record enrolments for its online qualifications.
The exemptions relate to the audit report and liquidity requirements, juristic representatives, and professional indemnity or fidelity insurance cover.
Judge says the courts have a duty to assess whether contracts do not offend against constitutional principles, as well as the NCA and the CPA.
The administrative sanctions are the result of an inspection conducted by the Prudential Authority three years ago.