Compliance - Regulatory / Financial Sector Conduct Authority (FSCA) (was FSB)

The FSCA warns the public against Weownomy

The Financial Sector Conduct Authority (FSCA) would like to warn the public to be cautious when any conducting financial services business with Weownomy. The entity, Weownomy is not authorised to render any financial advisory and/or intermediary services in terms of the Financial Advisory and Intermediary Services Act No. 37 of 2002 (FAIS Act).

FSCA warns the public against Binance Group

FSCA warns the public against Fairtree Capital WhatsApp Group

The Financial Sector Conduct Authority (FSCA) would like to warn the public to act with caution when dealing with a WhatsApp group which is using the name Fairtree Capital. The individuals behind the WhatsApp group are not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act), to render any financial advice and intermediary services.

Introducing the unclaimed benefits super fund…

Each year, journalists covering the financial services sector have a field day commenting on the retirement fund industry’s unclaimed benefits dilemma. They latch on to the largest number mentioned during the occasional regulatory update on the topic, and proceed to lambaste the country’s greedy [their word] retirement fund industry for not returning billions of rand in unclaimed retirement fund benefits to untraceable members. If only it were that easy…