CEO, his wife, and CIO of JSE-listed company disbarred and fined R10 million for share price manipulation

• Warren Wheatley, his wife, and CIO disbarred and fined R10 million for share price manipulation
• The FSCA created an artificially inflated share price and a false or deceptive appearance of demand and activity linked to Altvest shares, and imposed administrative penalties on executives
• The board has placed Wheatley and Karan on precautionary leave of absence, suspended them from group executive responsibilities, and suspended Tatum Wheatley's consulting services