FCA warns for a clone of Gain Capital UK
The Financial Conduct Authority (FCA) has issued a warning to inform investors and public that fraudsters are using the details of firms the FCA authorises to try to convince people that they work for a genuine, authorised firm.
According to FCA, this is what a clone firm is and fraudsters usually use this tactic when contacting people out of the blue. FCA urges people to be especially wary if they have been cold called. Fraudsters may use the name of the genuine firm, the ‘firm reference number’ (FRN) the Authority have given the authorised firm or other details.
Below is the details of a 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:
Gain Capital Ltd (clone of FCA authorised firm)
Address: Derby Trading Estate, Unit 5, Stores Road, Derby DE21 4BE
Telephone: 07940997835
Email: davidflintacc@yahoo.com, watkinsonlayla@yahoo.co.uk
Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm
FCA authorised firm details
This FCA authorised 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 products in the UK and its correct details are:
Firm name: Gain Capital UK Ltd
Firm reference number: 113942
Address: Park House, 16 Finsbury Circus, London, EC2M 7EB
Telephone: 02075508500
Website: www.cityindex.com, www.forex.com/uk
Email: ukcompliance@gaincapital.com
Report a clone firm
FCA urges investors and public, if they think they have been approached by an unauthorised or clone firm, or contacted about a scam, they should contact the Authority.
Source: FCA
