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:
Smart Stuff Ltd (Clone of FCA EEA authorised firm)
Tel: 0207 060 9340
Fax: 0207 060 9341
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.
The following FCA EEA authorised firm has no association whatsoever with the organisation discussed above identifying itself as Smart Stuff Ltd:
Smart Stuff Ltd (FCA EEA authorisation: 566685)
Lavriou & Kapodistriou Ave 54
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.