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FSCA warns the public against Money Moves Forex Trading and/or Prophet Moral Monareng

Publish date: 17 May 2019
Issue Number: 71
Diary: CompliNEWS
Category: Alert

The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial-related business with Money Moves Forex Trading and Prophet Moral Monareng, who are both not authorised in terms of the Financial Advisory and Intermediary Services Act 37 of 2002 (FAIS Act), to render any financial advice and intermediary services.

It was brought to the attention of the FSCA that Money Moves Forex Trading and/or Prophet Moral Monareng are purporting on social media platforms to be authorised financial services providers. Additionally, Money Moves Forex Trading and/or Prophet Moral Monareng use FSP number 48809 belonging to a registered financial services provider, Lebone Risk Solutions, and purport to be affiliated with it, whilst that is not the case.

Full FSCA media release

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