The FFMA regulates many types of Pooled Investments (PIs); however companies are promoting unregulated Pooled Investments known as UPIs. A UPI is a fund where many people invest in the same fund like bonds or stocks and then split earnings according to the investment size. If you invest in a UPI, know that you are offered no protection in the case of fraud or other complications.
The FFMA will be making detailed checks to ensure that companies abide by these criteria. Any company found to be violating these standards will have their license suspended on the first offense for three months and license revoked upon the second offense.
If you think that you were misled and did not fall into one of the permitted categories, please contact FFMA complaint department.