FSCA warns the public against HRIH Investments

August 13, 2018

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with HRIH Investments.


The FSCA received information of the activities of HRIH Investments on Facebook through Facebook posts, from a Facebook account named: Hartnick Recardo Izak Hilton. HRIH Investments purport to be the only conceded Cyberasset Investment Company with the FSCA and that they have a high ranking with the FSCA. HRIH Investments claims that they are 100% legitimate and secure. HRIH Investments claim to offer an unreasonably high return on their investments.


HRIH Investments is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”), to render any financial advice and intermediary services. Furthermore, the FSCA does not have any relationship as claimed by HRIH Investments and neither does it hold HRIH Investments in high ranking.


The FSCA again reminds consumers 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 the website www.fsca.co.za as to whether or not such institution or person is authorised to render financial services.


ENDS

 


Enquiries:

Ms Nokuthula Mtungwa
Financial Sector Conduct Authority
Email address: Nokuthula.Mtungwa@fsca.co.za
Telephone: 012 422 2919

 

 

 

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