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Abstract：The Financial Sector Conduct Authority (FSCA) warns against dealing with trading platform Primefin and with Luzuko Burial Society.
The Financial Sector Conduct Authority (FSCA) warns against dealing with trading platform Primefin and with Luzuko Burial Society. Malaysian-based Primefin is an online trading site that offers, among other things, trading in forex, and metals and other commodities through CFDs (contracts for difference). Primefin is not authorised by the FSCA to offer CFD trading in South Africa.
Similarly, Luzuko Burial Society is not registered as a financial services provider or as representative, and is not underwritten by a registered insurer, as is required for funeral parlours to operate in South Africa.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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