FSCA warns against Cyber FX Investments
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The Financial Sector Conduct Authority (FSCA) would like to warn the public when dealing with Hlengiwe Ngcobo and Christian Barnley Hamilton.
Ngcobo and Barnley Hamilton are not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act) to render any financial advice and/or intermediary services.
The FSCA received information that persons who call themselves Hlengiwe Ngcobo and Christian Barnley Hamilton are conducting financial services on Facebook, purporting to be trading under an authorised financial services provider.
They are using FSP number 46988 which belongs to Fin Co Finance (Pty) Ltd. Fin Co Finance (Pty) Ltd confirmed that it does not have any relationship with a Hlengiwe Ngcobo and a Christian Barnley Hamilton.
Don t fall for promises of high returns from latest investment scam, warns FSCA
14 January 2021 8:19 PM
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A new scam is surfacing on Facebook and WhatsApp groups. The masterminds are even using the FSP number of a legitimate company.
The Financial Sector Conduct Authority (FSCA) is warning the public not to fall for a new investment scam promising high returns.
It says two individuals calling themselves Hlengiwe Ngcobo and Christian Barnley Hamilton are conducting unauthorised financial services on Facebook
The pair are not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act) to render any financial advice and/or intermediary services, it says.