FCA warns for a clone of ADS Securities 

FCA_regulator

The Financial Conduct Authority (FCA) has issued a warning about a clone of ADS Securities and informs 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:

Global Marketing Online Limited / ADS Securities (clone of FCA authorised firm)

Address: Office 7, 35-37 Ludgate Hill, EC4M 7JN, London
Telephone: +44 203 8084328
Email: support@adssecurites.com

Website: www.ads-securites.com/home

Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm

Below is the details of the authorised 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: ADS Securities London Limited
Firm reference number: 577453
Address: 125 Old Broad Street, London, EC2N 1AR
Telephone: 0203 771 5455
Website: www.adsprime.co.uk
Email: support@ads-securities.co.uk

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

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