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FSCA warns the public against Feel Good Holdings (Pty) Ltd

13 June 2019 FSCA

The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial business with Feel Good Holdings (Pty) Ltd.

It was brought to the attention of the FSCA that Feel Good Holdings (Pty) Ltd, with registration number 2018/116571/07 T/A FGH Traders (Pty) Ltd is offering investors a 100% returns on their investments.

According to the FSCA’s records, Feel Good Holdings (Pty) Ltd is not an authorised FSP nor a representative of an authorised FSP and there is no record of an application to become an authorised FSP with the FSCA. Therefore, they are not authorised to render financial services as contemplated in the FAIS Act.

The FSCA reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSCA on either the toll free number (0800 203 722) or on the website www.fsca.co.za as to whether or not such institution or person is authorised to render financial services as well as for which services they are authorised.

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The Financial Sector Conduct Authority (FSCA) released a notice extending the CPD cycle for 2018 until 31 July 2019. What is your opinion on this?

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