Detailed Information

FSCA Investigation Into The Grand Trading (Pty) Ltd

The Financial Sector Conduct Authority (FSCA) has announced that it is conducting an investigation into The Grand Trading (Pty) Ltd, along with certain individuals associated with the company.

Regulator: Financial Sector Conduct Authority (FSCA)
Country: South Africa
Press Release Date: 27 July 2026

FSCA Investigation Notice

The FSCA has informed the public that it is currently conducting an investigation concerning the following parties:

Investigated Parties

• The Grand Trading (Pty) Ltd (The Grand Trading)
  An authorised financial services provider (FSP) with FSP number 53871. The company is not an authorised over-the-counter derivative provider.
• Mr Simon Durdey (Durdey)
  The sole key individual of The Grand Trading.
• Ms Christel Larissa Pretorius (Pretorius)
  A director of The Grand Trading.
• Mr Boris Atanasov Kodzhov (Kodzhov)
  A sole shareholder of The Grand Trading.

Reason Behind the FSCA Investigation

According to the FSCA notice, The Grand Trading provides intermediary services relating to a trading platform offering trading in Contracts for Difference (CFDs).

The FSCA received complaints from clients of the investigated parties. Due to the seriousness and number of complaints received, the FSCA decided to conduct a full investigation into the matter.

Purpose of the Investigation

The purpose of the investigation is to determine whether the investigated parties have contravened any financial sector laws, including Regulation 2 of the Regulations published under Government Notice R98 in Government Gazette 41433 of 9 February 2018, in terms of the Financial Markets Act No. 19 of 2012.

Important FSCA Clarification

The FSCA stated that this investigation should not be interpreted as a finding that the investigated parties have contravened financial sector laws.

The investigation is ongoing, and the FSCA has confirmed that it has not made any findings at this stage.

The authority will provide further updates to the public once the investigation reaches its conclusion.

Investigation Summary

Entity Under Investigation: The Grand Trading (Pty) Ltd
Associated Individuals:

• Simon Durdey
• Christel Larissa Pretorius
• Boris Atanasov Kodzhov

Regulator: Financial Sector Conduct Authority (FSCA)
Investigation Type: Financial services regulatory investigation
Reference Area: CFD trading intermediary services

Investor Awareness Information

Investors should always verify the regulatory status of financial service providers before using trading platforms or providing funds.

Checking official regulatory records and understanding the services a provider is authorised to offer can help users make more informed decisions.

FSCA Contact Information

For further enquiries regarding this notice, users can contact the Financial Sector Conduct Authority (FSCA):

Email: communications@fsca.co.za
Telephone: 0800 203 722

Source and Disclaimer

This page summarizes information from a public press release issued by the Financial Sector Conduct Authority (FSCA).

The information is provided for awareness and informational purposes only. Readers should consult official regulatory sources for the latest updates regarding the investigation status and regulatory information of any company or individual.