SA financial regulator raises fraud alert on Alicia Solomons


The South African Financial Services Board, FSB, the top financial regulator in the country has raised an alarm on one Ms Alicia Solomons.

According to the FSB, members of the public should act with caution when dealing with Ms Alicia Solomons as she is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”), to render any financial advice and intermediary services.

The FSB said it did receive information that Alicia Solomons is purporting to act for a company named JD Marble Funeral Directors. JD Marble Funeral Directors is an authorised financial services provider, with FSP number 46807. JD Marble Funeral Directors has confirmed that Alicia Solomons is not authorised under FSP 46807.

According to the FSB, Alicia Solomons offers to assist people to trace unclaimed pension or provident fund benefits that may be due to them and requests a fee to be paid for this service. The public should act with caution when dealing with anyone pretending to be tracing agents for a fund. Only the retirement fund, the administrators, and legitimate tracing agents have access to the records of the fund, and anyone claiming to have access to a database of unclaimed benefits are (sic) not being truthful. If any member of the public is unsure whether a tracing agent is legitimate they are advised to contact the FSB to check.

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