Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out more about this ‘clone firm’.
This is what we call a 'clone firm'; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the 'firm reference number' (FRN) we have given the authorised firm or other details.
You can find out more about this scam tactic and how to protect yourself from clone firms.
Clone firm details
Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:
Tilney Asset Management (clone of FCA authorised firm)
Address: Winchester House, 1 Great Winchester Street, London, EC2N 2DB
Telephone: 020 3769 3794
Be aware that the scammers may give out other false details or mix these with some correct details of the authorised firm.
FCA authorised firm details
The FCA authorised firm that fraudsters are claiming to work for has no association with the ‘clone firm’. It is authorised to offer, promote or sell services or product in the UK and its correct details are:
Firm name: Bestinvest (Brokers) Limited
Firm reference number: 165169
Address: 6 Chesterfield Gardens, London, W1J 5BQ
Telephone: 020 7189 9999
Firm name: Tilney Investment Management
Firm reference number: 124255
Address: Royal Liver Building, Pier Head, Liverpool, Merseyside, L3 1NY
Telephone: 0151 255 3000
Fax: 0151 236 1252
Report a clone firm
If you think you have been approached by an unauthorised or clone firm, or contacted about a scam, you should contact us. If you were offered, bought or sold shares, you can use our share fraud reporting form.
You can see more ways to report an unauthorised firm and find out what to do if you have been scammed.
What to do if your firm is cloned
If you think your authorised firm has been cloned or scammers are fraudulently using your name or other details, contact our Firm Helpline on 0300 500 0597.