Cash Accounts
FSA unauthorised firms update: Monday 23 August 2010
Rob Langston, 23 August 2010
The Financial Services Authority (FSA) added a number of new companies to its lists of unauthorised firms and individuals last week.
Money FX Financial Services included on its list of unauthorised firms or people, as well as:
MoneyFX Financial Services
Money FX Plc
MoneyFX Plc
A raft of firms were added to the regulator’s list of unauthorised overseas companies, including:
A&W Consultants VOF
Fair Deal Investments
Money FX Financial Services
MoneyFX Financial Services
Money FX Plc
MoneyFX Plc
New England Worldwide Services
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,
Four firms had also had warnings issued by foreign regulators, according to the regulator, including:
Van Broeke Consulting Group
Borsa Financial
New Century Capital
PK Consultants
Consumers are urged to check the regulator’s register of authorised companies and individuals: http://bit.ly/FSARegister
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