Friday, 28 August 2015

Avoid Go Direct Stock Market Investments

Here's a warning about Go Direct Stock Market Investments from the the Financial Services Board in Cape Town.
"The Financial Services Board (FSB) warns the public against conducting financial services business with Go Direct Stock Market Investments (GDSMI), Mr Mzoxolo Bezu and/or Mr Mbuso Mthethwa."
Given that the High Court in Grahamstown declared the scheme as "unlawful" in October last year, don't you think that the authorities would have perhaps reacted a little faster than this?

We first warned people to be cautious over two years ago and NBFIRA issued a public warning a few months after that. Maybe it takes South African regulators a little longer to recognize a scam when they see one?

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