Slice Affair: Capital Market Authority Revoked Licenses of 5 Finbert Agents
Thus, the number of insurance agents whose licenses were revoked in the Slice Affair rose to 12. According to the Capital Market Authority, Finbert agents were at the heart of the mechanism through which over…
Assessment
The Capital Market Authority has revoked the licenses of five more Finbert agents connected to the Slice affair, bringing the total to twelve. These agents were central to a mechanism that funneled over 280 million shekels from savers' funds into foreign funds managed by the agency or its affiliates. The regulator is systematically dismantling the network, and more revocations may follow as the investigation continues.