Selling unsuitable, in-house preferential shares was advisers undoing
The FSCA has sent a clear message about selling risky investments to just anyone, as Ecsponent FS did
26 June 2020 - 18:35
The undoing of Ecsponent Financial Services and the debarring of its two key managers is a warning to companies that plan to sell higher risk financial products to all and sundry.
The Financial Sector Conduct Authority (FSCA), earlier in June, withdrew the company’s licence and forbid MD Floris Slabbert and marketing manager Anton Hay from giving financial advice or selling financial products for two years...
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