Wheatley challenges 20-year debarment over R301 in ‘test trades’

Wheatley challenges 20-year debarment over R301 in ‘test trades’

Wheatley challenges 20-year debarment over R301 in ‘test trades’

Africa Bitcoin Corporation’s former CEO says trades intended to expose platform errors were treated as deliberate share price manipulation.

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Warren Wheatley, former CEO of Africa Bitcoin Corporation, is challenging a R5 million penalty and 20-year debarment imposed by the Financial Sector Conduct Authority (FSCA), arguing that the transactions at the centre of the case were poorly conceived platform tests rather than an attempt to manipulate the share price.

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About Ciaran Ryan 1563 Articles
The Writer's Room is a curated by Ciaran Ryan, who has written on South African affairs for Sunday Times, Mail & Guardian, Financial Mail, Finweek, Noseweek, The Daily Telegraph, Forbes, USA Today, Acts Online and Lewrockwell.com, among others. In between he manages a gold mining operation in Ghana, and previously worked in Congo. Most of his time is spent in the lovely city of Joburg.