• FSCA Media Release

FSCA warns the public against an entity purporting to be Aroon Bhana financial Services CC

The Financial Sector Conduct Authority (FSCA) warns the public to take caution when dealing with an entity or person named Carorline Thomas who purports to represent Aroon Bhana Financial Services.

According to information received, a person calling themselves Carorline Thomas on Facebook advertises the provision of financial services to members of the public under the name of Aroon Bhana Financial Services. From the contents of the Facebook page, it seems that the owner or controller thereof is fraudulently attempting to lure the public into depositing funds for untoward and / or unlawful purposes.

Aroon Bhana Financial Services CC which is an authorised financial services provider with FSP number 5487 confirmes that they do not have affiliation with the mentioned person or Facebook page. The FSCA confirms that there is no other company registered under this name and it is the FSCA’s view that the above mentioned entity is conducting unregistered business and providing advisory and intermediary services without the necessary authorisation.

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.


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

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