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FSCA Issues Public Warning Against Mrs Felicitie Jacobs

The Financial Sector Conduct Authority (FSCA) is cautioning the public against engaging in financial services or investment activities with Mrs Felicitie Jacobs. It has come to the attention of the FSCA that Mrs Felicitie Jacobs is soliciting funds from members of the public for investment purposes, while promising unrealistic returns. It appears that she may be offering financial services by presenting investment opportunities with guarantees of profit. Mrs Felicitie Jacobs has described herself as “a trader in volatility and synthetic indices.”

The FSCA emphasises that Mrs Felicitie Jacobs is not authorised, under any financial sector legislation, to provide financial products or services. Moreover, the FSCA notes that profits from trading activities, especially those involving volatile markets, cannot be guaranteed. Despite attempts to engage with Mrs Felicitie Jacobs for her comments, she has not responded. The public is strongly urged to exercise caution when considering investment or trading offers on social media platforms or any unsolicited offers.

It is highly recommended that the public verify:

  • that an entity or individual is authorised by the FSCA to provide financial products and services, including for giving recommendations about how to invest.
  • what category of advice the person is registered to provide, as there are instances where companies or people are registered to provide basic advice for a low-risk product and then offer advice on far more complex and risky products.
  • that the FSP number utilised by the entity or individual offering financial services matches to name of the FSP on the FSCA database.
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  1. Since the fall of Apartheid South Africa has experienced rapid economic growth, and in recent years South Africa’s black middleclass has expanded. This group’s purchasing power is increasing, and the high and middle-income groups are expected to rise with the country’s economic growth.