Cape Town -
The court this week approved the Financial Service Conduct Authority application to have JP Markets liquidated, its assets to remain frozen and to work with the NPA if needs be to hold Paulsen personally liable for any wrongdoing. Paulsen is optimistic that justice will be served. His attorney, Darren Hanekom, said: “Our client would like to tell all JP Markets clients that the fight is far from over.
Following the liquidation judgment, the FSCA said “the investigation against JP Markets and its CEO, Justin Paulsen, has been completed… Hanekom also confirmed that Paulsen would appeal the liquidation of his company. “We hold instructions to approach the Gauteng Local Division for leave to appeal the 82-page judgment handed down by Acting Judge Barry Gilbert.”He said it was in the interest of all online forex traders that the judgment be appealed. “This is a novel case and the first of its kind. “The FSCA has stumbled to a victory which has far-reaching consequences for the industry at large.
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