Israel's Capital Market Authority considers revoking insurance agent license of Shlomo Eisik

In depth

The Capital Market Authority has summoned Shlomo Eisik, former president of the Insurance Agents Association, to a hearing before deciding whether to revoke his license as an insurance agent. Eisik faces an indictment alleging fraud and breach of trust offenses in a case involving approximately NIS 50 million at Yunet Credit.

Two years ago, the Authority fined Eisik NIS 160,000 for transferring shares to his daughter.