FSCA SCAM ALERT
KEITA AHMED, OPTIONPLUS500
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.