Cash Accounts
FSA unauthorised firms update
Rob Langston, 23 July 2010
The Financial Services Authority (FSA) has added one company to its list of unapproved or unauthorised firms and individuals this week.
Freeman International was added to the regulators list of unauthorised firms. It has also added unauthorised internet bank Equity Finance Plc.
A further five companies were added to the regulator’s list of unauthorised overseas companies, including:
AGP/ Atlantic Gaming Partners,
Green Care Investments
Seaboard Securities, Inc
Brookes Corporation
Maxmillan Fine International
According to the FSA, although not all fundraising activities require authorisation or approval, investors who have given money or are considering giving money should exercise caution and will not benefit from UK compensation or complaint schemes.
A list of unauthorised and unapproved people can be found by clicking here:
http://bit.ly/FSAunauthorised
A list of unauthorised overseas companies can be found here:
http://bit.ly/FSAoverseas
A list of unauthorised internet banks can be found here: http://bit.ly/FSAunauthorisedIbanks
The FSA said the lists are not exhaustive and do not contain the names of all firms and individuals brought to its attention.
Consumers are urged to check the regulator’s register of authorised companies and individuals: http://bit.ly/FSARegister
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