The FSCA has warned consumers that individuals or entities are impersonating financial service providers and that they must take care and ensure that they are in fact transacting with the financial service provider and not the scammers.
The impersonators often use social media platforms to make investment or trading offers and the FSCA advises consumers to contact the authorised financial service provider directly to confirm that the offer is legitimate.The FSCA says consumers must be extremely careful when dealing with investment or trading offers on social media platforms, as well as with unsolicited investment or trading offers on social media platforms.
The legitimate businesses have confirmed that they are not in any manner associated with the impersonators.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FSCA to demand transformation plans from financial service providersThe Financial Sector Conduct Authority (FSCA) is preparing to demand transformation plans from financial service providers and could withhold licences from those who do not comply with black economic empowerment (BEE) thresholds.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
FSCA’s Consumer Advisory Panel starts workingThe Consumer Advisory Panel was established to provide independent advice and consumer-relevant perspectives to the work of the FSCA.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
FSCA approval of 59 Casp licences a ‘tremendous’ stepLicensing opens the door for retail and institutional investors in the cash market to add crypto coins to portfolios and increase their alternative allocations: Michael Porter, head of trading – Unum Capital.
Source: Moneyweb - 🏆 5. / 77 Read more »
FSCA fines Markus Jooste R475 million, refers case to HawksThe R475 million fine for Jooste for publishing false financial statements and annual reports is the biggest ever for an individual.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Steinhoff's Markus Jooste hit with R475 fine by FSCASteinhoff's Markus Jooste hit with R475 fine by FSCA
Source: City_Press - 🏆 7. / 72 Read more »
FSCA cracking the whip on infractionsAfter 'the announcement that the FSCA made regarding Mr Jooste and Mr Schreiber as to the false and misleading statements in terms of Steinhoff International … we are really taking a hard stance on these perpetrators': Alex Pascoe, departmental head for market abuse – FSCA.
Source: Moneyweb - 🏆 5. / 77 Read more »