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Pressure is mounting on Viceroy Research, the short-selling outfit that caused a collapse in Capitec’s share price this week, after the Financial Services Board (FSB) confirmed it was investigating possible market abuse and breaches of the Financial Markets Act. This came after Capitec laid a complaint with the FSB. The Treasury, meanwhile, called on the FSB to alert the Securities and Exchange Commission in the US and the UK’s Financial Conduct Authority. Overseas regulators should consider whether Viceroy had “transgressed any of their market conduct” laws, it said in a statement on Thursday. “We welcome any lawful investigations into impropriety in our report, which is publicly sourced. In the USA, Viceroy have and continue to work with regulators on numerous matters in which we have identified corporate impropriety,” Viceroy said via e-mail. A growing chorus of voices, including S&P Global Ratings and bond investor Futuregrowth, have come out in support of Capitec since Viceroy,...

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