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FSCA with egg on its face as OVEX gets the green light

FSCA with egg on its face as OVEX gets the green light South Africa’s financial markets watchdog, the Financial Services Conduct Authority (“FSCA“) has made a rather embarrassing account of themselves in the last 24 hours. Yesterday morning, a statement was issued that cryptocurrency trading platform OVEX was improperly conducting business without necessary authorisation. Within a matter of hours, the statement was retracted. CEO of OVEX, Jon Ovadia, was part of last night’s programme to clear the air. Just as businesses and individuals get fined by the market watchdog for improper conduct, such as insider trading or collusion, the FSCA should be looking at itself in this case. It’s caused unnecessary legacy issues for OVEX and made investors skittish. – Justin Rowe-Roberts

Netflix: A study in the application of the Human Factor

MONEYWEB app instead? Can the streaming service deliver the growth implied by its stock price? 15 April 2021 06:42 Netflix over the past few years has become part of every avid TV viewer’s life. Many of us are subscribers and we find that the content is just so much better than our previous satellite TV content provider. In addition, anything on Netflix is available on demand when we want it, no more waiting for our favourite series’ next episode to be aired in accordance with a prescribed schedule. With this convenience arrived a new phenomenon known as “binge-watching” where some of us would do nothing on a weekend but binge-watch the whole season of a series. I have even heard of someone taking leave to watch all the seasons of a series!

FSCA opens insider trading probe over transactions in Huge Group shares

MONEYWEB app instead? That will ‘cover disclosures and transactions in Huge Group securities during January 2021’, it said on Thursday. 14:29  Open: Image: Moneyweb The Financial Services Conduct Authority (FSCA) has begun an insider trading investigation that will “cover disclosures and transactions in Huge Group securities during January 2021”, it said on Thursday. TechCentral understands that this investigation may be related to transactions in the JSE-listed telecommunications group’s shares by third parties who may have had prior knowledge of its planned bid to buy software services group Adapt IT, which it announced to the market on 27 January. INSIDERGOLD Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process.

FSCA opens insider trading probe over transactions in Huge Group shares

FSCA opens insider trading probe over transactions in Huge Group shares
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