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:
Balfour Beatty (Clone of UK Incorporated Company)
Tel: 0208 686 5142
Fax: 0872 110 5014
Fax: 0872 113 2910
Email: [email protected]
is not authorised under the Financial Services and Markets Act 2000 (FSMA) to carry on a regulated activity in the UK. Regulated activities include, amongst other things, advising on investments and dealing and arranging deals in investments ('investments' include stocks and shares).
We believe that this organisation may be targeting UK customers.
This organisation is using the name, registered office address and UK company number of an UK incorporated firm. The Balfour Beatty Group of Companies and, specifically, the following company have no association whatsoever with the organisation described above that is identifying itself as Balfour Beatty:
- Balfour Beatty plc
Registered Office: 130 Wilton Road, London, SW1V 1LQ
UK Company Number: 395826
Tel: +44 (0)20 7216 6800
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.