After the indictment: The Capital Market Authority considers revoking the license of the former president of the Insurance Agents Association
The Capital Market Authority has notified Shlomo Eizik, former president of the Insurance Agents Association, of a summons to present arguments before the commissioner, prior to a decision on revoking his insurance agent license, following the serious indictment filed against him in the Yonet Credit affair.
The Capital Market Authority has notified Shlomo Eizik, former president of the Insurance Agents Association, that it is considering revoking his insurance agent license. The summons to present arguments before the commissioner comes in light of a serious indictment filed against him in the case of "Yonet Credit Ltd." According to the indictment, Eizik was allegedly involved in an ongoing pattern of fraud, breach of trust, and misleading the company's institutions and the investing public, amounting to approximately 50 million shekels. The authority noted that the severity of the acts, their financial scope, and their systematic nature raise significant doubts regarding his reliability and suitability to hold a license. However, no final decision has been made yet, and Eizik has the right to present his arguments before the commissioner.