• FSCA Media Release

FSCA warns the public against Mr Michael Curter


The Financial Sector Conduct Authority (FSCA) warns the public against dealing with Mr Michael Curter.


Mr Curter is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act) to render any financial advice and/or intermediary services.


The FSCA received information that a person who calls himself Mr Michael Curter on Facebook, purports to be an authorised financial services provider using FSP number 50402. This FSP number belongs to the Occasions Net t/a Novason Life.


Occasions Net confirmed that they do not have any relationship with Mr Curter. Mr Curter scams people trading in forex, promising high returns on investments. It is the FSCA’s view that Mr Curter is conducting unregistered business as he is providing advisory and intermediary services without the necessary authorisation.


Members of the public should 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.


There are instances where persons are registered to provide basic advisory services for a low risk product and then offer services of a far more complex and risky nature.


The FSCA reminds 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.


ENDS


Enquiries:

Financial Sector Conduct Authority

Email address: FSCACommunications@fsca.co.za

Telephone: 0800 203 722

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