Investor Alerts – January 14, 2016


Financial alerts about alleged bogus firms offering unauthorised advice published this week by government regulators worldwide.

Warnings about bogus advisers – Worldwide

The International Organisation of Securities Commissions is a global database of unregulated and unauthorised financial firms reported by financial regulators in 115 financial centres worldwide.

The aim is to give consumers and regulators a central reference point about unauthorised firms offering financial and investment advice.

Bogus adviser alerts on the International Organisation of Securities Commissions web site:
  • Blue Lion SA – Poland
  • Empire Option – Brazil
  • Wallis Partridge – Hong Kong
  • Bristol Financial – Canada
  • Integra Option – Switzerland
  • EuroFinance Group – Austria
  • Maxxtrade – Austria
  • – Austria
  • Paams Funding Inc – Austria
  • Voth Nixon Group – Austria
  • Direkt Easy Kredit – Austria
  • Werte Consulting AG – Austria

Warnings about bogus advisers – UK

The Financial Conduct Authority (FCA) web site has these warnings this week:

  • Winton (clone web site)
  • Wiseman Partners Ltd
  • Roland Puchta (clone web site)
  • Happy Financers
  • (clone web site)
  • Prusik (clone web site)
  • Ayondo Markets Ltd (clone web site)

Clone firms or web sites are web sites purporting to belong to a regulated financial firm which are operated by an unauthorised third party.

Dealing with an unregulated firm

If you buy shares, save money or invest with an unregulated firm, you lose any protection offered by the Financial Ombudsman and the Financial Services Compensation Scheme. Broadly, you have no independent place to complain if the deal goes wrong and are unlikely to win any compensation.

Checking if a firm is regulated

Go to the Financial Services Register to check if a firm is regulated in the UK.

Reporting a suspected bogus adviser

Find out how to report unauthorised advisers on the FCA web site

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