The Financial Sector Conduct Authority is investigating Sanus Financial Services, which trades as EZInvest and Financix, and three people associated with the authorised financial services provider.
The investigation includes Sanus’s sole key individual, Annette Smyth, and its directors, Nicolaas Louw and Bradley Bickham Distras, the FSCA said in a statement issued on 5 October 2026. Sanus is an authorised FSP (number 51523).
The FSCA said it had received complaints from clients of the parties under investigation. It decided to conduct a full investigation because of what it described as the number and “serious nature” of the complaints. The regulator did not disclose the details of the complaints in its statement.
Sanus is authorised to provide intermediary services relating to derivative instruments and short-term deposits. According to the FSCA’s statement, Sanus says it provides clients with access to the EZInvest and Financix trading platforms, which offer trading in derivative instruments.
The purpose of the investigation is to determine whether any of the parties contravened financial sector laws. The FSCA identified possible contraventions of sections 7(1)(a) and 8A of the Financial Advisory and Intermediary Services Act, provisions of the General Code of Conduct for Authorised Financial Services Providers and Representatives, and the Determination of Fit and Proper Requirements for Financial Services Providers.
Section 7(1)(a) of the FAIS Act concerns the prohibition on acting or offering to act as a financial services provider unless authorised by a licence, while section 8A deals with an authorised provider’s continued compliance with fit and proper requirements. The FSCA’s statement does not specify which conduct it is examining under these provisions or identify the particular provisions of the General Code of Conduct and fit and proper requirements that may be relevant.
The regulator emphasised that the investigation should not be interpreted as a finding that Sanus, Smyth, Louw, or Bickham Distras contravened any law. Its investigation is continuing, and no findings have been made. The FSCA said it would update the public on the outcome in due course.
Moonstone invited Sanus and the three individuals named in the FSCA’s statement to comment. No response had been received by the time of publication.
