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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

In the current volatile, rapidly changing and uncertain climate, clients are looking for more than just investment advice from their financial planners. The lack of certainty and safety in the markets tends to make investors more anxious and reactive. In this environment, financial planners must act not only as strategists but also as guides and confidants. Here’s what clients are increasingly expecting.