UPW Capital

30/12/2024

[Media Release]

The FSCA imposes administrative sanctions on Sunlight Financial Services (Pty) Ltd and Tana Africa Capital Managers (Pty) Ltd for failing to comply with certain provisions of the Financial Intelligence Centre Act (FIC Act): https://bit.ly/4fDJJvf

30/12/2024

FSCA Website Warnings and Alerts Page

08/07/2024

13/06/2024

The FSCA warns the public against the following individuals or entities that may be unlawfully conducting unauthorised financial services business and/or other breaches of financial sector laws:

1. Finbok, Vector Financial Services (Pty) Ltd and Astrix Data (Pty) Ltd

2. My Wealth Legatus (Pty) Ltd (My Wealth Legatus) Registration No. 2022/802174/07

3. Individuals or entities impersonating authorised FSPs: Fedgroup Asset Management (Pty) Ltd (FSP665), Fedgroup Financial Services (Pty) Ltd (FSP45563), Fedgroup Life Ltd (FSP40607) and Fedgroup Trust Administrators (Pty) Ltd (FSP16302) on WhatsApp

4. Business Financial Services impersonating Barko Financial Services (Pty) – an authorised FSP.

5. FSCA debars and imposes an administrative penalty on Mr. Luan Krige

Members of the public should always check:

That an entity or individual is authorised by the FSCA to provide financial products and services, including for giving recommendations about how to invest.

What category of advice the person is registered to provide, as there are instances where companies or people are registered to provide basic advice for a low-risk product and then offer advice on far more complex and risky products.

That the FSP number utilised by the entity or individual offering financial services matches to the name of the FSP on the FSCA database.

In the case of social media offers, call the contact number that is registered with the FSCA for the provider, to check that the offer is legitimate and guard against fraud by impersonation or false association.

Read all the FSCA’s public warnings and alerts here: https://bit.ly/3V4Ksy2

29/05/2024

Take note of the following names...

10/05/2024

Beware of deceptive tactics! Take the initiative to educate yourself on identifying bait marketing strategies used by suppliers, empowering yourself to make informed decisions. Stay vigilant and well-informed to steer clear of potential traps.

09/05/2024

The most important podcast of your trading career - new or seasoned.

📻PODCAST📻

FSCA speaks out about copy trading and ‘signals’

Listen to our DE: Enforcements, Mr, Gerhard van Deventer, on SAFM's Market Update show here: https://bit.ly/4bpvCXO

25/04/2024

Tiktok possible ban in the US?

And it's already banned in other COUNTRIES.

But how come we not banning FOREX trading globally?

We know forex trading is destroying livelihoods and this is backed with tons of evidence.

There are numerous studies showing that it is a gambling lifestyle. Or rightfully speaking almost everyone loses.

1. Take away trading and the conduct authorities can focus on other priorities.

2. We reduce financial crimes by a certain percentage.

3. We take away their play ground and this is a glorious goal.

4. We lessen the burden on our hospitals as people are horrifically affected in terms of mental health. Possible leads to self inflicted harm, over doses, etc.

5. We lessen the burden on our commercial crimes or SAPS department.

6. We create a more positive environment for our people as their effect/risk is reduced. Losing money is horrific and it impacts generations and entire families.

7. People who are scammed may also turn to other crimes to get their money back.

The time has come South Africa and the world.

amandla!

~MK