FSCA Fines A Company R50million For Capitec Bank False Report

The Financial Sector Conduct Authority (FSCA) has imposed an administrative penalty of R50 million on Viceroy Research – a short-seller that sent South Africa’s markets into a spin in 2018 by targeting Capitec bank in its reports. The Financial Sector Conduct Authority (FSCA) has fined the international group Viceroy Research LLC and its partners, Aiden Lau, Fraser John Perring and Gabriel Bernarde, R50 million for the "damaging" and "false" remarks that the short-selling firm made about Capitec three years ago. <a href="http://www.kayafm.co.za">kaya fm</a>