Africa-Press – Seychelles. In the continued efforts of the Financial Services Authority (FSA) to educate members of the public about the Capital Markets, there is a need to increase investors’ and customers’ ability to identify fraudulent investment opportunities and/or scams – as we may all know it. This unfortunately, has risen as more people are opting to invest in non-bank investment alternatives such as securities.
Scams can come in many forms which include but not limited to:
The Capital Markets are financial markets that bring buyers and sellers together and therefore primarily exist because of investors. Therefore, investor protection is a critical component of the sector, and principally the FSA, as one of the regulators. The role of the FSA is to therefore supervise, monitor and regulate licensees in accordance with the Financial Services Act, 2013; in order to ensure proper development of Seychelles’ financial services industry as well as safeguarding investors’ and the public interest. Nonetheless, it is also on the onus of the customer to strongly consider the following before investing:
The financial services industry is constantly evolving with the emergence of new technologies, products and services; hence, making almost anyone vulnerable to scams or fraudulent activities. It is therefore, important that members of the public stay abreast of all relevant ongoing changes within the sector as well as, the protection measures available in order to better protect their interest and keep in line with their financial objectives.
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