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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

There is no doubt that artificial intelligence (AI) is changing how businesses operate. As discussed in previous articles, in a financial advice business, the integration of AI tools can streamline operations, enhance client experiences, improve compliance, and increase profitability. Here is a breakdown of several areas where AI can assist – and why its integration can be a game-changer.