The Financial Sector Conduct Authority (FSCA) has issued a public warning urging caution when dealing with the administrators of a Telegram group called “LeaderFatima_Vawda,” which falsely claims to be affiliated with authorised financial services provider 27Four Investment Managers (Pty) Ltd (FSP 31045) and its Managing Director, Ms Fatima Vawda. The FSCA says the group has solicited funds from members of the public in South Africa, promising unrealistic investment returns. 27Four Investment Managers and Ms Vawda have confirmed they are not affiliated with the Telegram group and do not conduct business via Telegram. The FSCA notes the group administrators are not authorised under financial sector legislation to provide financial services and have not responded to FSCA enquiries. The regulator advises the public to treat social media and unsolicited investment or trading offers with caution and to verify authorisation status, confirm that a representative’s identity details match FSCA records, check the category of advice a person is registered to provide, and ensure any FSP number used matches the name on the FSCA register.
South Africa Financial Sector Conduct Authority 2025-11-07
South Africa Financial Sector Conduct Authority issues public warning on Telegram group impersonating 27Four Investment Managers and Fatima Vawda
The South Africa Financial Sector Conduct Authority (FSCA) warns about a Telegram group, "LeaderFatima_Vawda," falsely claiming ties to 27Four Investment Managers and its Managing Director, Ms Fatima Vawda. The group solicits funds with unrealistic return promises and lacks authorisation to provide financial services. The FSCA advises verifying authorisation status and exercising caution with social media investment offers.