Browsing: Financial Regulation

A homeowner’s attempt to challenge the FSCA’s decision not to take action against his insurance broker has failed after the Financial Services Tribunal found that any regulatory action would bring him no direct benefit and leave him neither richer nor poorer.

The FSCA has warned South Africans about alleged Telegram investment scams using fake forex trading groups and impersonated financial companies to solicit public funds.

The Municipal Employees’ Pension Fund has lost its Supreme Court of Appeal bid to force the Financial Sector Conduct Authority to hand over records relating to its investigation, in a ruling that clarifies when public bodies must disclose internal records during review proceedings.

The Financial Services Tribunal set aside a debarment after finding that all alleged misconduct occurred after the representative’s mandate had already ended.

The Western Cape High Court has placed Banxso (Pty) Ltd into final liquidation after finding it insolvent, unlawfully operated, and no longer able to continue its core financial services business.

A widow’s long wait for her late husband’s pension has prompted the Office of the Pension Funds Adjudicator to refer the union fund to the Financial Services Conduct Authority after repeated failures to respond and serious concerns about how the death benefit was handled.

FSCA confirms Amaswazi Funeral Home issued unlawful funeral policies and collected R3.4m without a licensed insurer.

The Financial Sector Conduct Authority (FSCA) has raised the alarm over fraudulent investment platforms exploiting deepfake technology to manipulate unsuspecting investors.

The FSCA has issued an urgent warning about WhatsApp and Telegram scams targeting South African investors.

The Financial Sector Conduct Authority (FSCA) has penalised African Bank Limited R700 000 for misleading advertising in its #KeFestive campaign.