EXCLUSIVE: FSCA has 75 market abuse cases open involving listed securities

Commissioner of the FSCA Unathi Kamlana at the FSCA offices in Pretoria. Picture: ALAISTER RUSSELL/SUNDAY TIMES

“At the moment we have 75 registered cases of which 42 are ongoing — they’ve been allocated and are being investigated currently,” Alex Pascoe, who heads up the FSCA’s market abuse investigation team, told Business Day in an interview. We’ve got 33 that are registered but are still to be investigated. We’re not investigating the companies — we investigate the securities within these companies. They are listed securities as per the FMA [financial markets act].

“We do have another investigation that sits on another exchange,” he said without giving further detail. “We’ve had dual-listed cases that have come from the US and the SEC [Securities and Exchange Commission] have come out here with the FBI and they just can’t believe the depth and the information that’s available...not only to us but to the surveillance team,” he said. “It’s a well-regarded surveillance system.”

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Markus Jooste instigated R16bn swindle at Steinhoff subsidiary, say German prosecutors | BusinessThe German trial of Markus Jooste may have stalled, but prosecutors have now accused the former Steinhoff boss of illegally nearly tripling the book value of a multibillion-rand furniture group the retailer bought in 2013. | News24_Business
Herkunft: News24 - 🏆 4. / 80 Weiterlesen »

Two former Steinhoff execs appear in German court for second round of trial | BusinessOn Wednesday, two German Steinhoff executives are going on trial in the same court where Markus Jooste failed to appear in April. | News24_Business
Herkunft: News24 - 🏆 4. / 80 Weiterlesen »