The FSCA has issued a public warning against Fast Profit Income, cautioning South Africans to be wary of investment offers promising returns of up to 200% and to verify authorisation before investing.
The Financial Sector Conduct Authority (FSCA) has issued a public warning against Fast Profit Income, urging South Africans to exercise caution before investing funds with the entity.
According to the regulator, it received information indicating that Fast Profit Income has been soliciting investments from members of the public in cryptocurrency and forex trading opportunities.
The FSCA said the company, through its website, is reportedly promoting investment opportunities with promises that investors can "Invest and earn up to 200% of their first investment."
The regulator warned that such claims should be approached with extreme scepticism.
