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Brokers ordered to repay funds invested in Leaderguard scam

Posted on 14 February 2010

Brokers ordered to repay funds invested in Leaderguard scam
In two more rulings related to the Leaderguard foreign currency scam, Charles Pillai, the Ombud for Financial Services Providers, recently ordered two Welkom brokers to reimburse their clients. This brings to nine the total number of ombud rulings against brokers who promoted the forex scam.

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