FSCA Warns Public Against Keenan Ebden

The Financial Sector Conduct Authority (FSCA), South African financial markets regulator, has warned the public to act with caution when dealing with Mr Keenan Ebden who is not authorised, in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act), to render any financialadvice and intermediary services.

It was brought to the attention of the FSCA that Mr Ebden claims to be an authorised financial services provider (FSP) with licence number 47546. According to the FSCA's records, Mr Ebden is neither an authorised financial services provider nor representative of any FSP, therefore, is not authorised to render financial services as contemplated under the FAIS Act. The FSCA's records reflect that the FSP number 47546 belongs to Plus500AU (Pty) Ltd, who confirmed to have no relations whatsoever with Mr Keenan Ebden.

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.