About Me

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I am a qualified Attorney. I specialise in Property Law, Commercial Law, Corporate Law and Trusts.
 
Please visit our website at www.prop-law.co.za for more details.
 
I am an elected Committee Member of the Property Committee of the Association of Pretoria Attorneys and through my involvement, I like to ensure that I am constantly at the "sharp-end" of Conveyancing Practice.

I am the elected Chairman on the Gauteng Council of SAPOA. The South African Property Owners Association (SAPOA) is the biggest and most influential institution in the property industry. SAPOA members control about 90% of commercial property in SA, with a combined portfolio in excess of R150 Billion (about $22 Billion). I am also on the National Council and the National Legal Committee of SAPOA.
 
Member of the Institute of Directors South Africa and Member of the Sirdar Governance Panel.

31 January 2013

Fais Ombud finds Sharemax directors liable for investor's loss

Fais Ombud finds Sharemax directors liable for investor's loss


Fais Ombud Noluntu Bam has found four Sharemax directors liable for an investor’s loss.

The determination is unusual because it is normally only financial advisers who are held liable for bad investment advice.

However, in a lengthy determination, Bam has set out why she believes the Sharemax directors should be held accountable. The determination was signed on Tuesday. It can be downloaded in two parts here:

PART ONE

PART TWO


The determination could pave the way for thousands of other investors to claim losses from Sharemax’s directors.

For the full Moneyweb Article, go to:
http://www.moneyweb.co.za/moneyweb-special-investigations/fais-ombud-finds-sharemax-directors-liable-for-inv


Gareth Shepperson

For all your property question, we are the answer!

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