Regulator issues warning about African Wealth Shares and Ashcroft Cohen Strategic Capital
An investment promising returns of 50% or more is a huge red flag
27 August 2019 - 15:27
The Financial Sector Conduct Authority (FSCA) has warned the public against dealing with African Wealth Shares and Ashcroft Cohen Strategic Capital as both entities are unauthorised to render any financial advice and intermediary services.
According to the FSCA African Wealth Shares has been offering investment opportunities with the promise of a 50% or more return on investment within 30 days. It is also claiming on its website to be affiliated with Wealth Associate financial advisers, an authorised financial services provider (FSP 45922)...
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