FCA Exposes Further Fake Clones of Financial Firms

[kreslik.news]

The Financial Conduct Authority (FCA) has issued multiple warnings to ‎investors advising them not to use the services of several clone/unregulated ‎investment firms.‎

The latest regulatory flurry includes asset managers and financial ‎brokers that appear to be soliciting and/or accepting funds ‎from UK residents without having obtained FCA ‎registration.‎

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The regulator today warned against clone firm Marcel Miller, which is impersonating an FCA-authorized firm with the same brand name. Individuals in the UK have been also targeted by another clone operator, Padmar Investments Limited, drawing this latest warning. In this case, the named company has been using the details ... (read more)