You have no protection when dealing with Karatbars, regulator warns
Alerts are also out on Exclusive Life Financial Services and House of Monopoly
20 December 2019 - 13:41
The Financial Sector Conduct Authority (FSCA) has warned that you will have no recourse or protection from the regulator if you dabble in transactions that appear to be investments but aren’t.
The caution follows presentations by Karatbars International to the FSCA after the regulator issued a stern warning to investors in November to stay away from Karatbars, a multi-level marketing company offering “investments” to SA consumers via WhatsApp...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.