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FSCA warns the public against Ms Marietjie van der Merwe and IC Markets Ltd

05 August 2021 The Financial Sector Conduct Authority (FSCA)

The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when doing any financial services business with Ms Marietjie van der Merwe and IC Markets Ltd of which neither are authorised to give any financial advice or render any intermediary services in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act).

The FSCA received information that Ms Marietjie van der Merwe solicits investments from the public through Facebook and WhatsApp while claiming to work as a financial advisor for IC Markets Ltd.

It is the FSCA’s view, based on available information that Ms Marietjie van der Merwe and IC Markets Ltd may be conducting unregistered business and intermediary services without the necessary authorisation in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act).

Members of the public should always check that an entity or individual is registered with the FSCA to provide Financial Advisory & Intermediary Services and what category of advice it is that the entity is registered to provide. The FSCA reminds customers 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 https://www.fsca.co.za/Fais/Search_FSP.htm whether such institution or person is authorised to render financial services.

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