Why 36One lost its appeal over offshore funds
The asset manager has been fined R350,000 for soliciting investment into unapproved funds
24 January 2020 - 18:48
The Financial Services Tribunal has upheld a ruling against asset manager 36One Asset Management that it solicited investments into unapproved offshore funds in contravention of the law.
The tribunal also upheld the fine of R350,000 imposed on the manager for the contravention. ..
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