The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with Bearer Shares and KessTrades. The FSCA received information that Bearer Shares and KessTrades are soliciting funds from members of the public for investment in cryptocurrency and trading purposes.
Without commenting on the business of Bearer Shares and KessTrades, the FSCA confirms that Bearer Shares and KessTrades are not authorised to provide financial services to members of the public. The FSCA was unable to reach Bearer Shares and KessTrades on the contact details provided for it.
To avoid unnecessary risk, the public should not accept financial advice, assistance, or investment offers from individuals or entities that are not authorised by the FSCA. Authorised financial services providers must clearly display their authorisation status in their documentation. If this is not present, it is advised to further investigate before making any payments.