FSCA not backing down on 36One fine
36One Asset Management has lost its appeal with the Financial Sector Conduct Authority
24 January 2020 - 17:12
36One Asset Management has lost an appeal against a R350,000 fine by Financial Sector Conduct Authority (FSCA) 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...
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