The Financial Sector Conduct Authority (FSCA) is alerting the public about an individual falsely claiming to represent Compsure Insurance Consultants (Pty) Ltd (FSP No. 47507).
The scammer, identifying himself as Mr. Makhanya (073 809 6097), has been contacting people to promote Forex trading, using a copy of Compsure’s license to appear legitimate.
Compsure’s Compliance Officer, Mr. Lourens De Jongh, confirmed that Mr. Makhanya has no association with the company and was never authorized to act on its behalf.
The FSCA urges the public to verify financial service providers before engaging by:
- Calling 0800 110 443 (toll-free)
- Checking authorized providers online via FSCA’s website
- Confirming FAIS Act registration here
Beware of rising scams—always double-check before investing!
Enquiries: communications@fsca.co.za | ☎ 0800 203 722
Stay vigilant, fraudsters are exploiting trusted names for scams!
