Personal Finance | FSCA warns against investments solicited on social media | City Press

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Investment scam alert: The Financial Sector Conduct Authority has issued warnings regarding individuals marketing alternative investments via social media. This is a reminder that legitimate investment companies don't solicit individuals on social media.

y issued further warnings regarding individuals marketing alternative investments via social media.

The first warning relates to MultiFX Options and Digital Daily Return which solicit crypto asset investments from the public, using social media platforms. The FSCA says people offering advice and intermediary services in respect of financial products on behalf of South Africans are required to be authorised by the authority.

 

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