FCA warns public against dealing with clone of Finalto

The UK Financial Conduct Authority (FCA) has issued a warning against a fraudulent entity abusing the details of Finalto.

Fraudsters copy the details of firms the FCA authorises to try and convince people that their firm is genuine. Finaltos is not authorised by the FCA but has been contacting people pretending to be an authorised firm. This is what the regulator calls a clone firm.

Clone firm details

Name: Finaltos (Clone of FCA Authorised Firm)

Telephone: 02034558741, 02034558766

Email: onboarding@finaltos.com,


FCA authorised firm details

This is the genuine, authorised firm that the fraudsters are claiming to work for. It has no connection with the clone firm.

The correct details are:

Firm Name: Finalto Financial Services Limited

Firm Reference Number: 481853

Address: 11th Floor

Broadgate Tower

20 Primrose Street


Telephone: +442034558751

Email: compliance@finalto.com

Website: www.finalto.com/uk

If you deal with the clone firm, you won’t have access to the Financial Ombudsman Service if you have a complaint.

You also won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it’s unlikely you’d get your money back if the firm goes out of business.

This article was originally published by a fxnewsgroup.com . Read the Original article here. .