FSCA Warns Public Against Forex Guru Investment

​The Financial Sector Conduct Authority (FSCA), South African financial markets regulator, has warned the public to act with caution when dealing with Forex Guru Investment.

The FSCA has received information that Forex Guru is conducting unregistered business and using the SA Asset Management logo. SA Asset Management is a registered FSP with FSP No: 589.

The FSCA confirms that Forex Guru is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act), to render financial advisory and intermediary services. SA Asset Management has confirmed that it is not linked in any business relationship with Forex Guru. 

The FSCA warns that members of the public should always check that an entity or individual is registered with the FSCA to provide Financial Advisory & Intermediary Services and what category of advice it is that the entity is registered to provide. 

It again reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSCA as to whether or not such institution or person is authorised to render financial services.