Regardless of no regulatory motion taken and its monetary license remaining lively, Eklavya Asset Managers continues to face reputational fallout after a now-removed discover on the FSCA web site prompted third-party reporting. The agency seeks public clarification to resolve confusion from outdated content material.
Eklavya Asset Managers, a licensed South African monetary companies supplier (FSP 45583), confirms it has remained totally compliant and operational following a assessment initiated by the Monetary Sector Conduct Authority (FSCA) in November 2024. Regardless of no sanctions or regulatory motion, the agency continues to expertise reputational injury as a consequence of public hypothesis.
The assessment, a part of normal regulatory oversight, centered on Eklavya’s operations and its buying and selling platform, SolisMarkets. Eklavya cooperated totally all through the method. For the reason that conclusion of the inquiry, no enforcement steps, warnings, or penalties have been issued in opposition to the corporate or its associates. Eklavya’s FSCA license stays lively and in good standing.
An preliminary assertion referencing the assessment appeared briefly on the FSCA’s web site in 2024 however was later eliminated. Nevertheless, content material based mostly on that preliminary discover, together with a extensively circulated article printed by compliance platform Moonstone titled “FSCA Investigating Solis Markets Following Complaints from Buyers,” stays publicly out there with out context or closure. The corporate says this has precipitated ongoing reputational confusion and unjustified concern amongst purchasers and companions.
“Our purchasers deserve readability,” mentioned Dustan Cornelissen, Managing Director of Eklavya. “We welcomed the assessment and answered each inquiry. We’re now asking for a similar transparency in return. If no wrongdoing was discovered and no motion was taken, the report ought to mirror that as publicly because the preliminary discover did.”
Eklavya stresses that whereas it helps regulatory oversight and transparency, the absence of any public replace confirming the matter’s closure has allowed unsupported allegations to linger. The corporate has formally contacted the FSCA and related publishers to request up to date public communication that displays the entire image.
Within the meantime, Eklavya continues to function in full compliance. Licensed in 2013, the agency gives funding advisory, wealth administration, and buying and selling companies to non-public and institutional buyers throughout South Africa. Its platform, SolisMarkets, has additionally remained totally purposeful and compliant.
Eklavya has intensified inside communication and compliance practices to reassure stakeholders, together with adopting broader disclosure protocols, enhancing oversight mechanisms, and launching new shopper instruments resembling its AI-based “Market Pulse” system. The agency additionally expands inflation-hedged and cross-border options to serve buyers higher amid ongoing financial uncertainty.
Plans are additionally underway to open a regional workplace in Namibia by late 2025, with additional enlargement into the SADC area anticipated by 2027.
“This has been a reminder of how shortly incomplete info can tackle a lifetime of its personal,” Cornelissen added. “We stand by how we’ve dealt with the assessment course of and proceed to function with the very best requirements of integrity.”
Eklavya encourages the media and the general public to reference the agency’s present regulatory standing through its FSCA registration (FSP 45583) when evaluating on-line content material associated to the matter.
Go to the Eklavya Asset Managers web site to be taught extra in regards to the firm’s regulatory compliance and repair choices.
About Eklavya Asset Managers
Eklavya Asset Managers is a registered monetary companies supplier based mostly in South Africa. It gives complete asset administration companies tailor-made to client-specific objectives and danger profiles. With an emphasis on regulatory compliance and shopper schooling, Eklavya goals to construct long-term relationships based mostly on belief and transparency. The Monetary Sector Conduct Authority (FSCA) licenses the corporate below FSP license quantity 45583.
For extra particulars, contactDustan Cornelissen, Managing Director, Eklavya Asset Managers, at mgmt@eklavya-am.com.
Media Contact:
Firm Identify: Eklavya Asset Managers
Contact Individual’s Identify: Dustan Cornelissen, Managing Director
Firm web site: www.eklavya-am.com
Contact E-mail Handle: mgmt@eklavya-am.com
Nation: South Africa
