Investors Alert: Beware of unauthorised financial services firms 

forex scam

The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued warnings to inform investors and public for “clone firms” and firms providing financial services without the required authorisation in UK.

According the warnings, “clone forms” are firms that use the details of firms that FCA authorises to try to convince people that they work for a genuine, authorised firm. At the same time, FCA informs that firms provide financial services or products in the UK without our authorisation.

FCA informs that almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by FCA.

FCA published the below “clone” and unauthorised firms:

“Clone firms”:

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

  • Bidwell Capital Ltd (clone of FCA authorised firm Bidwell Capital Ltd with Reference Number: 599878)
  • Tullett Prebon (clone of FCA authorised firm Tullett Prebon (Europe) Limited)
  • Meacock Capital (clone of FCA authorised firm S A Meacock & Company Limited with Reference Number: 204959)
  • Gabriela Kouklova (clone of FCA authorised firm Gabriela Kouklova with Reference Number: 445613)

Unauthorised firms in UK:

FCA informs that these firms are not authorised by FCA and are targeting people in the UK. Based upon information FCA holds, FCA believes they are carrying on regulated activities which require authorisation.

  • Stocktradeinvest Limited
  • Debt Cancel UK

FCA strongly advises investors and public to only deal with financial firms that are authorised.

Source: FCA – Bidwell CapitalTullett PrebonMeacock CapitalGabriela KouklovaStocktradeinvest LimitedDebt Cancel UK

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