The Financial Sector Conduct Authority (FSCA) will investigate the role of all key individuals, including the compliance officer, after a Johannesburg financial adviser was arrested last week on fraud charges related to unregulated investments in which his clients may have lost as much as R100m.

The adviser, Thomas Stringfellow, CEO of the Stringfellow Group, will appear in the Roodepoort magistrate’s court on Monday morning, according to Troy Laas, one of the SA Police Service investigators...

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