The Johannesburg Stock Exchange (JSE) is aware of a WhatsApp-based scam using the name “JSE INVESTMENT”. In this scam, potential investors are urged to deposit money into one of several bank accounts provided and promised guaranteed returns.

 

Beware of "JSE Investment" scams

The JSE Limited/ Johannesburg Stock Exchange (JSE) is aware of a several scams (on Telegram and WhatsApp) posing as authorised JSE investment schemes and/or using the names(s) of JSE Executives (including our CEO, Leila Fourie).

In these investment scams, potential investors are urged to deposit money into a bank account and promised quick and guaranteed returns on their investment. These types of groups are not authorised by the JSE and the investments referred to are not authorised or endorsed by the JSE or any members of the JSE Executive. The JSE does not recruit investors in this manner.

The only way to invest on the JSE is via an authorised JSE stockbroker. A list of stockbrokers can be found on www.jse.co.za and then click on 'find a stockbroker' and you will find a list of stockbrokers in your area who will help you to open an account and you can begin your investment journey with the JSE.

Should you suspect a false investment scam group, please report these to the JSE at [email protected].

Published 15 Feb 2022
Posted by khashanem

Johannesburg, 17 February 2022: The Johannesburg Stock Exchange (JSE) is aware of a WhatsApp-based scam using the name “JSE INVESTMENT”. In this scam, potential investors are urged to deposit money into one of several bank accounts provided and promised guaranteed returns.  This is a scam and it is not authorised by the JSE. There is no JSE-affiliated legal entity called “JSE INVESTMENTS”.  We urge the public not to participate in this scam.

The JSE does not employ agents to recruit investors. The JSE offers investors a trading platform facilitating the buying and selling of a variety of financial instruments. The JSE does not invest funds on behalf of the public, nor do we offer investment advice to the public. The only way to invest on the JSE is via an authorised JSE stockbroker.  A list of stockbrokers can be found on www.jse.co.za.

We are taking all the necessary steps to stop the spread of this unlawful operation, including alerting the relevant authorities such as the Financial Sector Conduct Authority (FSCA).  

 Should you become aware of similar investment scams please report these to [email protected]