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FSCA Press Release - FSCA Issues Public Warning Against Website Impersonating Viviers Brokers CC

The FSCA has issued a public warning about a fraudulent website impersonating Viviers Brokers CC, which is unlawfully soliciting funds from the public. The website offers investment opportunities in retirement annuities and trading platforms but is not affiliated with Viviers Brokers, which does not operate any website. The FSCA advises the public to be cautious of potential scams and highlights red flags to watch for when considering investment opportunities.

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42K views2 pages

FSCA Press Release - FSCA Issues Public Warning Against Website Impersonating Viviers Brokers CC

The FSCA has issued a public warning about a fraudulent website impersonating Viviers Brokers CC, which is unlawfully soliciting funds from the public. The website offers investment opportunities in retirement annuities and trading platforms but is not affiliated with Viviers Brokers, which does not operate any website. The FSCA advises the public to be cautious of potential scams and highlights red flags to watch for when considering investment opportunities.

Uploaded by

Arlene Prinsloo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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FSCA Press Release 09 April 2025

FSCA issues public warning against website impersonating Viviers Brokers CC

The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when
conducting financial services business through a website purporting to be associated with
financial service providers (FSP) Viviers Brokers CC (Viviers Brokers) (FSP 2246).

It was brought to the attention of the FSCA that the individuals behind the website are
unlawfully using the details of Viviers Brokers, to solicit funds from members of the public.
Members of the public who access the website in question - www.viviersbrokers.com -
are presented with the opportunity to invest in retirement annuities and unit trusts,
amongst others. There is also a trading platform, where members of the public can trade
in currency pairs, commodities and indices.

Viviers Brokers have confirmed that it is not associated with the website, or the registrant
of the website. It has confirmed that it does not own a website, nor does it make use of a
website to market its services.

The FSCA points out that offering financial products and services in South Africa requires
its authorisation. The individuals being website are not licensed under any financial sector
law to provide financial products or financial services in South Africa. The individuals
behind the website did not respond to the FSCA’s communication

The public is urged to act with care when investing their funds. There are many fraudsters
operating scams, and the number is growing. South Africans lose millions of rands every
year to fraudsters. Illegal operations are sometimes well-disguised as legitimate
operations. The public is advised to be on the lookout for the tell-tale danger signs when
dealing with persons offering attractive investment opportunities. These red flags include:

• Unrealistic returns

• Offers on social media platforms

• Requirements to pay for services upfront

• Requirements to pay more money to have your investments returned

• Requirements to pay for training

• Claims that you must act and pay urgently i.e. creating a sense of urgency

• Vague information about the investment product.

Executive Committee:
Commissioner: U. Kamlana I Deputy Commissioners: A. Ludin I K. Gibson I F. Badat
One of the following methods may be used to confirm the status and FSP number of a
service provider or a person that claims to be an authorised service provider:

1) Toll-free number: 0800 110 443

2) Online search for authorised financial institution by license category:


https://www.fsca.co.za/Regulated%20Entities/Pages/List-Regulated-Entities-
Persons.aspx

3) Online search for a financial institution that is an authorised FSP in terms of the
FAIS Act: https://www.fsca.co.za/Fais/Search_FSP.htm

ENDS

Enquiries: Financial Sector Conduct Authority


Email address: [email protected]
Telephone: 0800 203 722

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