FinanceMagnates
South Africa’s financial regulator withdrew the
license for the online trading platform Banxso. Financial Sector Conduct
Authority (FSCA) cited concerns regarding the firm’s operational practices and
potential risks posed to clients. The FSCA mentioned today (Wednesday) that Banxso’s license was withdrawn due to findings suggesting that the company
could be engaging in practices posing risks to clients…
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South Africa’s Regulator Withdraws Banxso’s License Following Regulatory Scrutiny
Jared Kirui
20:58
South Africa’s financial regulator withdrew the license for the online trading platform Banxso. Financial Sector Conduct Authority (FSCA) cited concerns regarding the firm’s operational practices and potential risks posed to clients. The FSCA mentioned today (Wednesday) that Banxso’s license was withdrawn due to findings suggesting that the company could be engaging in practices posing risks
