FSCA SCAM ALERT

KEITA AHMED, OPTIONPLUS500

Saturday Star - - P E R S O N A L F I N A N C E -

THE FI­NAN­CIAL Sec­tor Con­duct Au­thor­ity (FSCA) warns against deal­ing with Keita Ahmed, who claims to rep­re­sent the FSCA and co­erces peo­ple to “re­deem funds” be­lieved to be in the cus­tody of the FSCA. The FSCA says it does not hold “re­deemable funds”, and that Ahmed is mis­lead­ing the pub­lic. The au­thor­ity also warns against Optionplus500, which is not au­tho­rised to ren­der fi­nan­cial ad­vice and in­ter­me­di­ary ser­vices. The FSCA says it re­ceived in­for­ma­tion that a cer­tain Mag­gie Brand is pur­port­ing to act for Optionplus500, and she and her as­so­ciates claim to be af­fil­i­ated with Plus500au. “These peo­ple re­quest money from the pub­lic and say they will pro­vide them with the ser­vices ren­dered by Plus500au,” it says. Plus500au, a reg­is­tered provider, says no con­nec­tion ex­ists be­tween it­self and Brand and her as­so­ciates. The FSCA re­minds you, be­fore deal­ing with a fi­nan­cial ser­vices provider, to check on the FSCA’S toll-free num­ber (0800 203 722) or on ww.fsca.co.za whether such an in­sti­tu­tion or per­son is au­tho­rised to ren­der fi­nan­cial ser­vices.

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