FSCA warns public against Rothschild Capital SA (Pty) Ltd
Pretoria - The Financial Sector Conduct Authority (FSCA) has today issued a warning to the public against doing any financial services related business with Rothschild Capital SA (Pty) Ltd which is impersonating Rothschild and Co South Africa (Pty) Ltd, an authorised financial services provider.
The regulator stated that Rothschild Capital SA is using Rothschild and Co South Africa (Pty) Ltd’s logo,name and trademarks to defraud unsuspecting financial customers.
"This has been done in order to mislead the public by creating a false association between Rothschild Capital (Pty) Ltd and Rothschild and Co SA (Pty) Ltd. It has further come to the attention of the FSCA that Rothschild Capital SA (Pty) Ltd recently published an advertisement in The Star and Cape Times newspapers offering business loans or equity funding for five million rands and more."
The FSCA said Rothschild and Co South Africa (Pty) Ltd has confirmed that it has no relationship with Rothschild Capital SA (Pty) Ltd nor Rothschild Bitcoin Africa (Pty) Ltd or Rothschild EnergyGas (Pty) Ltd. Rothschild Capital SA (Pty) Ltd is not licensed as a financial services provider and members of the public are advised to proceed with caution when dealing with this entity.
The regulator continued to urge members of the public to always check that an entity or individual is registered with the FSCA to provide Financial Advisory & Intermediary Services and what category of advice it is that the entity is registered to provide.
Members of the public or customers who wish to conduct financial services with an institution or person to check beforehand with the FSCA on either the toll-free number (0800 110 443) or on https://www.fsca.co.za/Fais/Search_FSP.htm whether such institution or person is authorised to render financial services.
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