36One Asset Management has lost an appeal against a R350,000 fine by Financial Sector Conduct Authority for publishing details of unapproved funds.
The penalty was imposed for giving information on “certain unapproved offshore funds” on the firm’s website, in newsletters and presentations to clients between August 2015 and March 2018, the FSCA said in a statement on Friday. “Any reference to the unapproved foreign funds was inadvertent and not intended to solicit investment,” 36One said in an e-mailed response to questions. “Moreover, no one actually attempted to invest in the foreign funds, nor would they have been able to do so.”“We are disappointed at the outcome,” 36One said. “But do not intend to take this matter any further.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stokes fined by ICC after foul language rant at spectatorEngland all-rounder Ben Stokes was fined and given a demerit point by the International Cricket Council (ICC) on Saturday after a foul-mouthed row with a spectator on Friday in the test against South Africa.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Minnie on fat shaming: People are mean & forget we have feelings tooBody shamers take a back seat because Minnie doesn't have time for y'all!
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: Channel24 - 🏆 48. / 51 Read more »
Source: IOL - 🏆 46. / 51 Read more »
Stokes fined by ICC after foul language rant at spectatorEngland all-rounder Ben Stokes was fined and given a demerit point by the International Cricket Council (ICC) on Saturday after a foul-mouthed row with a spectator on Friday in the test against South Africa.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »