Publication Date: 19/07/2018

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with Sadia Akbar. According to the information received, Mrs Akbar purports to be an employee of an entity called Financial Service Authority. The FSCA confirms that Financial Service Authority is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”), to render any financial advice and intermediary services.
Mrs Akbar also purports that Financial Service Authority has its head office at the same office address as that of FSCA and that they advise members of the general public on payments made to them via cheque, which may be couriered to members of the public through courier companies such as Aramex.
Mrs Akbar and Financial Service Authority use the following email address and contact number: financialservicestax@gmail.com and 060 409 0863.
The FSCA is not affiliated nor has it granted neither Mrs Sadia Akbar and Financial Service Authority, permission to use the official FSCA office address. The FSCA again reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSCA on either the toll free number (0800 110 443) or on the website www.fsca.co.za as to whether or not such institution or person is authorised to render financial services.