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FSCA warns public against OptionPlus500 (Pty) Ltd

Publish date: 07 December 2018
Issue Number: 51
Diary: CompliNEWS
Category: General

The Financial Sector Conduct Authority (FSCA) has warned the public to act with caution when dealing with OptionPlus500 (Pty) Ltd. This firm is not authorised in terms of the Financial Advisory and Intermediary Services Act 37 of 2002 to render any advice and intermediary services. An individual named Maggie Brand is purporting to act for this firm and claims to be affiliated with Plus500AU Proprietary Limited, FSP No 47546. Plus500AU (Pty) Ltd has confirmed that no connection exists between them and the said individual. Read the full FSCA release here

Working Smart

By Lee Rossini

As financial planners, we seldom stop to think about the services we offer and how the nature of these services impact on our relationship with our clients. The differences between goods (products) and services are important when developing a business model, marketing plan or client engagement process.  Goods are tangible objects that can be created and sold or used later. A service, although more difficult to define, consists of economic activities such as product time, place, form or psychological utilities. Services are intangible acts, deeds or performances.

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