Gerhard M

Compliance

Some consultant phone me and asked if I am aware that someone opened an account on the stock exchange on my behalf and making 25% profit and only paying me 7%. I have asked him to provide me with the details as to where did he get the information from as such information is confidential. His repay was the he did not know. This is quite concerning as all information should be treated confidential in terms of the POPI act. Thus they either are in breach of the POPI act or lying through their teeth. If someone is lying about something what ells are the lying about?