Although he tells people that he is authorised by the JSE and recognised by the FSCA, Mouton and JoziEx are not registered to provide a financial service.
Although he says he is authorised by the JSE and recognised by the FSCA, Mouton and JoziEx cannot provide a financial service.The Financial Sector Conduct Authority has issued a public warning against Richard Mouton who invites people to invest on an online trading platform, JoziEx. The FSCA said he is not registered to supply a financial service. JoziEx offers returns of more than 50% within days.
“The JSE says Mouton and JoziEx are not authorised by the JSE and none of the investments or applications are authorised or endorsed by the JSE.”, a website that describes itself as “a leading media and data technology platform dedicated to empowering the next generation of investors”, Mouton is “a distinguished stock analyst and veteran in the South African financial market”. It also said he “confirmed his participation in the Global Stock Return Competition as South Africa’s representative”.
This person wrote that returns over a two-month period already yielded more than 800%, but when he wanted to withdraw his funds, he was told that he would have to pay 10% tax. When he asked who the tax is paid to, he was told that it was to ensure that his “earnings are compliant and meet international tax requirements” to ensure that his funds will not be subject to future tax claims and comply with global tax regulations.
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