Another Clone Firm Comes Up, FCA Warns Against Fake Vanguard Asset ‎Management

[kreslik.news]

The United Kingdom’s Financial Conduct Authority (FCA) today shed light on yet another clone firm who has represented itself as Vanguard Asset Management, which is actually a regulated company that provides professional investment services in the financial markets.

The clone firm has been involved in fraudulent activity by posing to be another firm‎, while it has no association whatsoever with the asset manager, the watchdog said.‎ The clone company also claims to be licensed by the FCA, using the authorised firm’s FRN and registered address.

As per the press release issued by FCA, the clone firm has chosen Vanguard Asset Management due ... (read more)