We (the Financial Conduct Authority – FCA) have published this statement today in order to warn investors against dealing with unauthorised firms.
This statement is to advise members of the public that an organisation identifying itself to UK citizens as:
AJAJ Group - www.ajajgroup.com
is not authorised under the Financial Services and Markets Act 2000 (FSMA) to carry on regulated activities in the UK. Regulated activities include, amongst other things, advising on investments and arranging deals in investments (‘investments include currency options and speculative foreign exchange). We believe that this organisation may be targeting UK consumers.
What does this mean for you?
If you are an investor, you should be aware that the Financial Ombudsman Service and the Financial Services Compensation Scheme are not available if you deal with an unauthorised company or individual.
How can you check whether a firm is authorised?
To find out whether a company or individual is authorised, go to the FS Register.