Cash Accounts
FSA unauthorised firms update: Friday 27 August 2010
Rob Langston, 27 August 2010
The Financial Services Authority (FSA) added a number of new companies to its list of unauthorised firms and individuals this week.
The list of unauthorised firms or people, included:
First Global UK
GFM Markets
Global Financial Markets
A raft of firms were added to the regulator’s list of unauthorised overseas companies, including:
First Global UK
M Investimentos
Fusion Financial Marketing
Sigma Securities
Sigma Asset Management
Inter Europe Trading aka Inter-Euro Trading Corporation
Mercator Associates
gdif.net
Inter-Euro Trading
VectorVest
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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