FSCA Investigates Mirror Trading International

Mirror Trading International FSCA

The FSCA is investigating the activities of Mirror Trading International. The FSCA is of the view that the current business model of Mirror Trading International requires it to be in possession of a financial service provider licence. ALSO READ: The FSCA files urgent application with High Court to liquidate JP Markets SA (Pty) Ltd “MTI … Read more

The FSCA files urgent application with High Court to liquidate JP Markets SA (Pty) Ltd

The Financial Sector Conduct Authority FSCA JP Markets

The Financial Sector Conduct Authority (FSCA) has filed an urgent application with the High Court to liquidate JP Markets (Pty) Limited and would like to inform the public, particularly the clients of JP Markets, that the bank accounts of JP Markets have been frozen. This means that JP Markets will no longer be able to … Read more

Port Elizabeth Forex Trader Sentenced to 15 Years in Jail

South African Forex Trader arrested

The Financial Sector Conduct Authority (FSCA) last week welcomed the sentencing of Port Elizabeth foreign exchange (forex) trader David Wilmot, who stole  R23 million from clients under the guise that he would trade forex on their behalf. ALSO READ: South African Forex Trader Jabulani Cashflow Ngcobo Sentenced To 6 Year Imprisonment Last week, The Port … Read more