Losses mount for Lorna Jane investors as Stringfellow loses licence provisionally
Confirmed losses now at R168m, while investors tally up R190m
02 August 2019 - 07:14
The Financial Sector Conduct Authority (FSCA) has provisionally withdrawn the licence of Stringfellow Financial Services, the company through which investors’ confirmed losses amount to R168m.
Johannesburg-based financial adviser and investment manager Thomas Stringfellow was arrested on fraud charges last month and released on bail...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.