The Financial Sector Conduct Authority (FSCA) has urged the public to stay away from companies that are not authorised to conduct financial services or provide advice, and has named and shamed companies flouting the law.

Some companies make ridiculous and unrealistic promises of investment returns while others appear to be outright, old-fashioned frauds.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now