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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

Corporate Social Responsibility (CSR) refers to a company's commitment to manage its operations in an ethical, sustainable and socially conscious way. It involves going beyond the pursuit of profits to consider the impact of business decisions on people, the environment and society at large. CSR can cover a broad range of activities, from reducing carbon emissions, reducing unnecessary waste and ethical labour practices to community engagement and transparent governance. While CSR is often associated with large multinational corporations, its principles are just as relevant – and increasingly expected – in small businesses, including financial advice businesses.