FSCA warns the public against four

FSCA warns the public against Financial Group House Direct (Pty) Ltd

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with Financial Group House Direct (Pty) Ltd (FGHD) in Kempton Park, Gauteng. Their company registration number is 2017/496837/07; their main focus is freight investment, industrial investment, property investment and forex trading. The entity is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”), to render any financial advice and intermediary services.

According to the information received, Financial Group House Direct (Pty) Ltd (FGHD) is offering investment to members of the public with the promise that if you invest R500.00 it will accumulate to R17 006.00 in six months.

FSCA warns the public against NGR Trading and Mr Eskie Lerocks

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with NGR Trading and Mr Eskie Lerocks. According to the information received, NGR Trading and Mr Eskie Lerocks purport to be a financial services provider, financial advisor, wealth manager and Forex mentor on his Instagram account, which is related to the following website: www.newgenforex.com/.

NGR Trading is not an authorised financial services provider in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”). Mr Eskie Lerocks is neither a key individual nor representative of any authorised financial services provider and is not authorised to render any financial advice and or intermediary services related to a financial product.

FSCA warns the public against CKM Trading Solutions

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with CKM Trading Solutions. CKM Trading Solutions is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”), to render any financial advice and intermediary services. CKM Trading Solution is fraudulently using FSP number 41393 which belongs to IG Markets South Africa Limited. IG Markets South Africa Limited has confirmed that no relationship exists between them and CKM Trading Solutions.

According to the information received, there is a company named CKM Trading Solutions which purports to be a registered financial services provider. CKM Trading Solutions is owned by Mr Bellingham Booysen. Mr Booysen opens accounts on behalf of people with the Johannesburg Stock Exchange (JSE) without their consent. It is the FSCA’s view that the abovementioned entity is conducting unregistered business and providing advisory and intermediary services without the necessary authorisation.

FSCA warns the public against Express Cash Investments (Pty) Ltd

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with Express Cash Investments (Pty) Ltd. According to the information received, Express Cash Investments (Pty) Ltd advertises a “double your money investment opportunity” on Facebook and is collecting money from members of the public with a promise of a substantial return on investment. Express Cash Investments (Pty) Ltd is publicly using the following financial services provider (FSP) authorisation details: FSP number 45799, which belongs to an authorised FSP which is Express Wealth Financial Solutions (Pty) Ltd.

The Express Wealth Financial Solutions (Pty) Ltd has confirmed with the FSCA that it has neither an association nor dealings with Express Cash Investments (Pty) Ltd, in any manner or form. Express Cash Investments (Pty) Ltd 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 FSCA again 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 110 443) or on the website www.fsca.co.za as to whether or not such institution or person is authorised to render financial services.