FCA released the details of a clone firm
The Financial Conduct Authority (FCA) has issued a warning to inform that fraudsters are using the details of firms the FCA authorises to try to convince people that they work for a genuine, authorised firm.
This is what FCA calls a ‘clone firm’; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the ‘firm reference number’ (FRN) the Authority has given the authorised firm or other details.
Find out more about this ‘clone firm’:
Clone firm details
Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:
Portsea Asset Management LLP (clone of FCA authorised firm)
Website: www.passetmgt.com, www.portmngt.com, www.portseaasset.com
Be aware that the scammers may give out other false details or mix these with some correct details of the authorised firm.
FCA registered firm details
This FCA registered firm that fraudsters are claiming to work for has no association with the ‘clone firm’. It is authorised to offer, promote or sell services or product in the UK and its correct details are:
Firm name: Portsea Asset Management LLP
Firm reference number: 705149
Address: 17 Dominion Street, London, EC2M 2EF. United Kingdom
Telephone: 02074961900
Source: FCA
