The Securities and Exchange Commission of Zimbabwe has warned that fraudsters are misusing the names, brands, certificates and identities of the commission and licensed institutions, including Old Mutual Investment Group and CBZ Asset Management, trading as Datvest. The schemes use social media, fraudulent digital accounts and manipulated or AI-generated images to solicit funds through false claims of exceptionally high investment returns. Investors should verify that any person or institution offering an investment is licensed by consulting the commission’s list of authorized capital market intermediaries, including collective investment schemes. They should also use the official contact details published on the commission’s website to confirm the identity of anyone claiming to represent a licensed entity.
2026-09-03Securities & Exchange Commission of Zimbabwe
Securities and Exchange Commission of Zimbabwe warns of investment scams impersonating regulators and licensed firms
The Securities and Exchange Commission of Zimbabwe has warned of scams impersonating the regulator and licensed investment firms to solicit funds with false promises of exceptionally high returns. Investors should check the commission’s register and use published contact details to verify firms and their representatives before investing.