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FSB warns against Love and Lets Live (Pty) Ltd

By: FSB

The Financial Services Board (FSB) would like to warn the public not to conduct financial services business with Love and Lets Live (Pty) Ltd.

It has been brought to the attention of the FSB that Love and Lets Live (Pty) Ltd has been inviting members of the public to come and invest in their online trading (in forex), promising potential investors monthly returns of 8%.
Love and Lets Live (Pty) Ltd is not authorised as a FSP and is not a representative of an authorised FSP. Persons rendering financial services without a licence or without being appointed as representatives are acting in contravention of the Financial Advisory and Intermediary Services Act, 37 of 2002. Such contravention is an offence which carries a heavy fine or period of imprisonment.

The FSB again reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSB on either the toll free number (0800110 443) or on the website www.fsb.co.za as to whether or not such institution or person is authorised to render financial services.







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