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MMM: Media and banks trying to help consumers - Asisa

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Cape Town – While many MMM subscribers believe banks, the Hawks and the media are out to get them, the truth is that the investment sector genuinely wants to protect people from products that are likely to wipe out their savings.

The message from Peter Dempsey, deputy CEO of the Association for Savings and Investment (Asisa), is that the media as well as the savings and investment industry has a duty to help consumers distinguish between legitimate products and those that are likely to cause financial losses.

This follows questioning from Fin24 users about why an alleged pyramid scheme like MMM is any different to regulated savings and investment products.

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