FANews
FANews
RELATED CATEGORIES

FSB warns the public against Mr Cornelius Petrus van der Merwe

25 April 2016 FSB

The Financial Services Board (FSB) warns the public against conducting financial services business with Mr Cornelius Petrus van der Merwe and Invest Daily Profit (IDP).

It has been brought to the Registrar’s attention that Mr Cornelius Petrus van der Merwewas acting as a financial services provider and that he was taking money from unsuspecting members of the public stating that he was investing the money on their behalf and promises them very high returns. 

The FSB can confirm that Mr Cornelius Petrus van der Merwe and Invest Daily Profit (IDP) are not authorised Financial Services Providers and the public is warned to exercise caution when dealing with Mr Cornelius Petrus van der Merwe and Invest Daily Profit (IDP). 

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 (0800110 443) or on the website www.fsb.co.za as to whether or not such institution or person is authorised to render financial services.

Quick Polls

QUESTION

The shocking crime and motor vehicle accident statistics shared during a recent SHA presentation suggests that group personal accident and personal accident cover are a no-brainer. Do you agree?

ANSWER

Yes
No
Not sure
fanews magazine
FAnews April 2024 Get the latest issue of FAnews

This month's headlines

FAIS Ombud lashes broker for multiple compliance blunders
TCF… a regulatory misfit initiative?
The impact of NHI on medical malpractice insurance
Fixed versus variable: can you have your cake and eat it too?
The future world of work
Subscribe now