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FSCA issues public warning against Binary Rise Fall

18 September 2020

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with Binary Rise Fall. The FSCA suspects Binary Rise Fall of conducting unauthorised financial services business and breaching various financial sector laws.

FSCA warns the public against Echler Solomon Feng

18 September 2020

The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial services business with Echler Solomon Feng who 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).

Update on Contingent Business Interruption Insurance cover

17 September 2020

Following ongoing discussions with the non-life insurance industry, the Financial Sector Conduct Authority (FSCA) would like to provide an update regarding the process of obtaining legal certainty on Contingent Business Interruption (CBI) Cover.

FSCA issues public warning against Naledi Funerals

15 September 2020

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with NHM Funeral Services trading as Naledi Funerals. The FSCA suspects Naledi Funerals of conducting unauthorised financial services business and breaching various financial sector laws.

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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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