Jerusalem, 6 October, 2026 (TPS-IL) — JERUSALEM — Israel’s Capital Market Authority has revoked the licenses of five additional insurance agents affiliated with Finbert, completing regulatory action against 12 key figures in the high-profile “Slice” financial scandal, officials announced.
Regulators cited the group’s central role in transferring over NIS 280 million ($76 million) in public savings to offshore funds managed by the agency and related entities. Judicial reviews upheld earlier license cancellations, confirming the regulatory body’s authority and affirming that financial agents hold direct fiduciary and legal responsibility for client assets.
The precedent-setting court rulings fully halt the agents’ operations, accelerating broader enforcement proceedings against remaining entities linked to the diversion of public funds.