The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with Mr Pieter Davis. The FSCA received information that Mr Pieter Davis created a website with all Plus Plan’s details (FSP number and physical address), and markets investment products. On the website the contact person is Mr Pieter Davis* and it is stated that the phone systems are being upgraded, with people being advised to contact brokers or request a call on the contact form.
The website is not created by Plus Plan, and Mr Pieter Davis is not known by Plus Plan. Plus Plan with FSP number 2234 is authorised to market short-term insurance products only. It is the FSCA’s view that the abovementioned individual is misleading the public that Plus Plan offers alternative investments.
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.
Ms Nokuthula Mtungwa
Financial Sector Conduct Authority
Email address: Nokuthula.Mtungwa@fsca.co.za
Telephone: 012 422 2919
Editor's Note: In a supplementary FSCA Press Release dated 7 November 2018, The FSCA points out that "Please be advised that this warning was not against Mr Pieter Davis, a key individual of Edge Capital (Pty) Ltd (FSP 882), which is an authorised financial services provider."