It is also not permissible for financial services providers to recommend financial products to clients that are not issued by licensed entities.
As information comes to light regarding the BHI Trust investment scheme investors are questioning the role of their financial advisers and whether they have recourse against bad advice.
Many individuals had trusted the investment of their life savings to their advisers. This included retirees. An investor, who has been in the fund since 2002, told City Press that since she invested there have been several name changes and different companies involved with registration numbers disappearing from her statements.
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