Consumer Group Demands Action Against Insurance Agents in Slice Affair
Translated & summarized from TheMarker by baba
Consumer group Lobby 99 is demanding that the Capital Markets Authority revoke the licenses of insurance agents involved in the "Slice" affair. The group alleges that some agents still hold active licenses and that the authority is delaying action. The authority stated that the agents are currently under enforcement proceedings.
The story in 5 lines · by baba
- Lobby 99 urges Capital Markets Authority to revoke licenses of agents in "Slice" affair.
- Consumer group claims some implicated agents still hold active licenses.
- Lobby 99 accuses the authority of delaying action on the matter.
- Agents allegedly focused on credit-worthy individuals and elderly savers.
- Authority states agents in question are undergoing enforcement proceedings.
The consumer advocacy group Lobby 99 has urged the Supervisor of the Capital Markets, Insurance and Savings Authority, Amit Gal, to immediately review the licenses of insurance agents involved in the "Slice" affair. The group claims that some agents implicated in the case still hold active licenses and accuses the authority of delaying action.
In a letter sent last week, Lobby 99 stated that insurance agents played a central role in the affair, focusing on credit-worthy individuals by promising loans and on elderly savers who did not understand the risks. The organization is calling for a prompt decision regarding the continued licensing of all agents known to be involved.
The Capital Markets Authority responded that the agents in question are currently undergoing enforcement proceedings.