Do not deposit money for JSE investment scam
SANDTON – According to a notice by the stock exchange on February 15, the scam urges potential investors to deposit money into one of several bank accounts provided with promised guarantees.
The Johannesburg Stock Exchange (JSE) would like to warn the public about a ‘JSE Investment’ scam doing the rounds on WhatsApp.
According to a notice issued by JSE on February 15, the scam urges potential investors to deposit money into one of several bank accounts provided with promised guarantees.
“This is a scam and it is not authorised by the JSE. There is no JSE-affiliated legal entity called ‘JSE Investment,” read the notice.
Members of the public were cautioned not to participate in the scam as the JSE did not employ agents to recruit investors.
“The JSE offers investors a trading platform facilitating the buying and selling of a variety of financial instruments.
“The JSE does not invest funds on behalf of the public, nor do we offer investment advice to the public. The only way to invest on the JSE is via an authorised JSE stockbroker.”
A list of JSE stockbrokers can be found on www.jse.co.za
The stock exchange noted that it was taking the necessary steps to stop the spread of this unlawful operation and this included alerting the relevant authorities such as the Financial Sector Conduct Authority (FCSA).
If you are aware of any similar investment scams, please report it to info@jse.co.za
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