FCA Warns Against Active Funds ICAV Copycat Brokerage

The Financial Conduct Authority (FCA), the UK financial regulator, has issued a warning against a clone company which is impersonating Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term broker Active Funds ICAV in an attempt to lure unsuspecting clients to its Venus flytrap.

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The FCA has caught the clone soliciting and providing UK-based clients with financial services, despite its lack of authorization from the British regulatory body. Not only has the company never received the green light, but it has blatantly copied the name and address of the original, licensed Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term firm without alterations. The FCA warns that this measure is taken in order to create a false sense of security among the scammers’ target market. This course of action also helps the clone throw off the local regulatory authority.

Given that the copycat broker has already stolen the identity of another company and has operated while unauthorized to do so in the United Kingdom, the FCA warns that the firm might be a scam. The British regulator strongly advises against dealing with this company in any way, including opening an account or trading with it. The FCA further warns that if a trader chooses to disregard the warning and signs up with the untrustworthy company, he or she will not be eligible for compensation from the relevant authorities.

A few weeks ago, the British regulatory body issued a similar warning regarding the clone of Tilney Fund Managers Limited.