Competition Commission with the Competition Tribunal also shows that the investigations date back to April 1 2015, when a complaint was laid against 11 banks including Standard New York Securities. Customised interface with the prices and data you need. Regular stop orders to help protect your investments. @Dineo_T, dineo, in essence you're saying: a client can request to withdraw their profits today. The bank said it considers the allegations in an extremely serious light, affirmed its commitment to complying with regulations and said the allegations do not relate to the conduct of the group. According to Standard Bank, the Competition Commission initiated a complaint against its affiliate Standard New York Securities and 21 other institutions concerning the possible contravention of the Competition Act between 20At the time, Standard Bank was not mentioned in the complaint. As per the complaint referral the investigation was amended in August 31 2016 to include 12 more banks including Standard Bank. Standard Bank of South Africa and Standard New York Securities are engaging with the Competition Commission to better understand the basis for the complaints and the appropriate response.
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Send us an email email protected, what you get, what it costs, how to get. Anytime, anywhere access to your account. Companies and Deals, bank said it learnt of the allegations on Feb 15, engaging with CompCom. On 15 February 2017 the Competition Commission lodged five complaints with the Competition Tribunal against 18 institutions, including Standard Bank of South Africa and Standard New York Securities, in which it alleges unlawful collusion between those institutions in the trading of USD/ZAR. Powerful charting systems for multiple instruments. Submit your details and we'll get in touch with you to answer your questions. "21.1 Standard Bank, its affiliates or other persons or companies connected with Standard Bank may have an interest, relationship or arrangement that is material in relation to any transaction or Contract effected, or advice provided by Standard Bank, under the Terms, which may. Real time trade of multiple asset classes across global markets. Take control, manage your investments directly, in real time, on our secure online platforms.