The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with individuals purporting to be associated with First World Trader (Pty) Ltd t/a EasyEquities, an authorised Financial Services Provider (FSP) (FSP 22588).
It has come to the FSCA’s attention that individuals are using a fake website to impersonate EasyEquities and solicit investments from members of the public. EasyEquities confirmed that it is not associated website or its administrators. The FSCA was unable to reach the impersonators on the contact details provided to it.
The public is strongly urged to exercise caution when considering unsolicited investment or trading offers, especially those communicated through social media. The public is urged to act with care when investing their funds. There are many fraudsters operating scams, and the number is growing. South Africans lose millions of rands every year to fraudsters.
Illegal operations are sometimes well-disguised as legitimate operations. The public is advised to be on the lookout for certain tell-tale danger signs when approached by persons offering attractive investment opportunities