The Financial Services Board (FSB) warns the public to act with caution when dealing with Destidex Investments (Pty) Ltd trading as StockTraders (“StockTraders”), an entity purporting to be in association with a registered financial services provider, and its agents.
StockTraders is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”), to render any financial advice and intermediary services.
The FSB has received information that StockTraders is purporting to be in association with Emperor Asset Management, an authorised financial services provider (“FSP”) with FSP number 44978.
Emperor Asset Management has indicated to the FSB that it has no connection whatsoever with StockTraders.
StockTraders claims that the capital invested by an investor is re-insured by Hollard Insurance Company, FSP 17698 and therefore guaranteed to the investor. Hollard Insurance Company denied the existence of any relationship with StockTraders.
The FSB again reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSB on either the toll free number (0800 110 443) or on the website www.fsb.co.za as to whether or not such institution or person is authorised to render financial services.
-------------------------------------------------------------------------------------------------------------------------------------------------------
FSB warns the public Fair Finance, Capital Loans and Daily Finance SA trading as Blue Granite Investments
The Financial Services Board (FSB) would like to warn the public to act with caution when dealing with Fair Finance, Capital Loans and Daily Finance SA trading as Blue Granite Investments. The abovementioned entities are not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”), to render any financial advice and intermediary services.
The FSB received information that Fair Finance, Capital Loans and Daily Finance SA trading as Blue Granite Investments are offering loans to members of the public. They claim to be registered financial services provider and sometimes use FSP 20494. This is in fact the registration number of Simon Mbeki Mnyandu, whose licence was withdrawn on 20 June 2012.
The FSB again reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSB on either the toll free number (0800 110 443) or on the website www.fsb.co.za as to whether or not such institution or person is authorised to render financial services.
-------------------------------------------------------------------------------------------------------------------------------------------------------
FSB warns the public against Service You Need Enterprise & Tracing Service (S.Y.N)
The Financial Services Board (FSB) would like to warn the public to act with caution when dealing with Service You Need Enterprise & Tracing Service (S.Y.N) and Ms Samantha Langeveldt /Jonker around Pretoria area. Service You Need Enterprise & Tracing Service (S.Y.N) and Ms Samantha Langeveldt /Jonker are not authorised to render any financial advice and intermediary services.
The FSB received information that Service You Need Enterprise & Tracing Service (S.Y.N) and Ms Samantha Langeveldt /Jonker are rendering services to the public, including: claiming of pension and provident fund surpluses. From the information gathered by the FSB it appears that Service You Need Enterprise & Tracing Service (S.Y.N) and Ms Samantha Langeveldt /Jonker have been operating in Pretoria. It is the FSB’s view that Service You Need Enterprise & Tracing Service (S.Y.N) and Ms Samantha Langeveldt /Jonker are conducting an unregistered business and providing advisory and intermediary services without the necessary authorisation.
The FSB again reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSB on either the toll free number (0800 110 443) or on the website www.fsb.co.za as to whether or not such institution or person is authorised to render financial services.
Get the latest issue of FAnews