FCA Issues Warning Against Clone Firm YinForex

[kreslik.news]

The Financial Conduct Authority (FCA) today warned the public against a company named Yinforex Capital Limited which it says is a clone firm of an FCA-authorised company.

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Clone firms imitate companies that hold a license, when actually they are not authorised. They cold call clients and give them misleading information to convince them to invest.

In this case, Yinforex Capital Limited has been using the details of VIBHS Financial Limited. The FCA urges caution ... (read more)