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FCA issues warnings on 19 suspect firms in 7 days

The FCA has issued 19 warnings on unauthorised and clone firms in the past 7 days, a rate of nearly 3 per day.


Clone investment scams surge 30% during lockdown

Investment scam victims are losing an average of £45,000 each to fraudsters and falling prey to a soaring number of 'clone' investment scams, latest figures from Action Fraud reveal.


FCA clone firm warnings up 400% in 5 years

The FCA issued 400% more clone and scam firm warnings in 2019 than in 2015, according to a Freedom of Information request obtained by Financial Planning Today.

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