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FSCA issues public warning against Future Growth Cash Solutions

24 March 2021

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with Future Growth Cash Solutions (Future Growth). The FSCA suspects Future Growth of conducting unauthorized financial services business and breaching various financial sector laws.

FSCA issues public warning against Mega Wealth Capital

24 March 2021

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with Mega Wealth Capital and Njabulo Khumalo. The FSCA suspects Mega Wealth Capital and Njabulo Khumalo of conducting unauthorised financial services business and breaching various financial sector laws.

FSCA warns the public against Xchangebit.io

23 March 2021

The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial services business with Xchangebit.io which is not authorised to give any financial advice or render any intermediary services in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act).

FSCA issues second crypto health warning for consumers

18 March 2021

The Financial Sector Conduct Authority (FSCA) has noted with concern the increasing volume of crypto assets (cryptos) related losses suffered by financial consumers in the past three months. The FSCA urges the public to be extremely cautious and vigilant when dealing with cryptos for any financial services business.

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The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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