Platinum Capital Management (clone of FCA authorised firm)

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 as:

Platinum Capital Management (clone of FCA authorised firm)

Address: Clearing & Trading Center, London, EC4M 7LS, UK
Tel: 0870 392 9585
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 the organisation may be targeting UK customers.

This entity is cloning the name and details of an FCA authorised firm and UK incorporated firm. The following firm have no association whatsoever with the organisation referred to above identifying itself as Platinum Capital Management Limited:

Platinum Capital Management Limited (FCA authorisation number-190828)
Kingsbury House, 15-17 King Street, London, SW1Y 6QU.
Tel: 0207 024 9840
Fax: 0207 321 2494
Email: [email protected]  

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.