Nigel Green fined and banned for five years in South Africa 

Mark Battersby
clock • 3 min read

South Africa's Financial Sector Conduct Authority (FSCA) has fined Brite Advisors South Africa ZAR 10m (£510,000) and deVere Group chief executive Nigel Green ZAR 2.5m (£127,560). The regulator said in an enforcement action notice on 27 May that Green was a director of Brite Advisors South Africa (Brite) from 2008 until 2015.  It said in his capacity as director Green "contravened / failed to comply with the following financial sector laws": 4.1. section 2(a) of the FI Act in that he failed to observe utmost good faith and/or to exercise proper care and diligence whilst being a direc...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?