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:
Shawz Online Brook (Clone of FCA Authorised Firm)
Address: 16 Waterloo Place, London Haymarket, London, SW1Y 4AR
Tel: +44 208 998 8822
Fax: +44 700 605 0562
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, accepting deposits by way of business. We believe that the organisation may be targeting UK customers.
Shawbrook Bank Limited would like to inform the public that the organisation discussed above identifying itself as Shawz Online Brook has no association whatsoever with Shawbrook Bank Limited (FCA Firm Registration Number 204574).
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.