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Israel's Capital Markets Authority Considers Revoking Ex-Insurance Agents President's License
Israel's Capital Markets Authority is considering revoking the insurance agent license of Shlomo Isaac, former president of the Insurance Agents Association, following a severe indictment. The authority cited concerns about his reliability and integrity due to the alleged systematic and planned nature of the offenses.
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What happened
- 01Israel's Capital Markets Authority may revoke Shlomo Isaac's insurance license after his indictment.
- 02Isaac is accused of a NIS 50 million fraud and breach of trust scheme.
- 03The indictment alleges Isaac misled investors and company institutions for personal gain.
- 04His public and professional standing at the time of the alleged offenses is a factor.
- 05Isaac has the right to argue his case before a final decision is reached.
Isaac has the right to present his defense before a final decision is made.
The coverage
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- RightNone
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