Individual financial services operators and organisations that are out to fleece members of the public need to beware: the financial sector regulator has been beefed up and is ready to take action against unscrupulous operators. This is the message from Brandon Topham, the newly appointed divisional executive for investigations and enforcement at the Financial Sector Conduct Authority (FSCA) who is passionate about protecting the public against crooks. He discussed the financial sector regulator’s approach to investigations and enforcement at a media round table discussion in Cape Town this week. The FSCA is responsible for the conduct of all financial sector services providers in SA and has the authority to investigate cases of market abuse and to ensure that no unregistered businesses or individuals operate in the country without the legislated licences. Topham says actions that the FSCA can take include removing the licence of a person or business to operate in SA, levying substa...

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