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FSCA warns the public against Mrs Grace Smith

21 January 2021

The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial services business with a supposed Mrs Grace Smith (Mrs Smith) as she 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) nor is she authorised to use the FSCA’s credentials.

FSCA warns the public against TradeZA

19 January 2021

The Financial Sector Conduct Authority (FSCA) would like to warn members of the public to act with caution when dealing with TradeZA as it not an authorised financial services provider.

The FSCA completes investigation into Mirror Trading International (Pty) Ltd

19 January 2021

The FSCA has finalised its investigation into Mirror Trading International (Pty) Ltd (MTI) and will share its report with the liquidators appointed by the Master of the High Court.

FSCA warns the public against Hlengiwe Ngcobo and Christian Barnley Hamilton

14 January 2021

The Financial Sector Conduct Authority (FSCA) would like to warn the public when dealing with Hlengiwe Ngcobo and Christian Barnley Hamilton. Hlengiwe Ngcobo and Christian Barnley Hamilton are not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act) to render any financial advice and/or intermediary services.

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Question

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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