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