FSB imposes R150 000 insider trading penalty 
on adviser to coal junior

South Africa’s Financial Services Board (FSB) last week found that the designated adviser to Wescoal, Marius Meyer, had bought shares in the coal junior when he should not have.

Judge Frikkie Eloff found that Meyer had contravened Section...

Daily podcast – October 22, 2009

A designated adviser to listed Wescoal is found guilty of insider trading; and workers at Chile's Spence copper mine plan to resume wage talks with owner BHP Billiton to solve a nine-day strike.

Wescoal adviser found guilty of insider trading, R150 000 penalty

A designated adviser to listed Wescoal was on Wednesday found guilty of insider trading and made to pay an administrative penalty of R150 000. Judge Frikkie Eloff found that Marius Meyer, the designated adviser to the JSE-AltX-listed coal junior,...