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FSB steers public away from FSP imposters

By Alina Hardcastle

The Financial Service Board (FSB) is warning the public to steer clear of Fidelity Loan Investment (Pty), an entity claiming to be a registered financial service provider (FSP).

The FSB has warned that the supposed FSP is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act), to render any financial advice and intermediary services. It is also making use of a fake FSB certificate duping the public into believing that it is a registered FSP, thereby providing financial services illegally.

The FSB said: “The copies of the certificate shown to unsuspecting members of the public are forged from the original certificate of Stanlib Wealth Management Limited with FSP number 590 - with its name replaced by Fidelity Loan Investment.”

Stanlib Wealth Management Limited with FSP number 590 is authorised in terms of the FAIS Act, to render financial advice and intermediary services. 

Stanlib Wealth Management Limited has confirmed that they have no connection with Fidelity Loan Investment.

Handy tip: If you need investment advice, click here: http://www.justmoney.co.za/investments/

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