The FCA is warning people to be careful of rogue firm, RB Wealth, which claims to operate from Cambridge and Malta and offer investments and other services.
FCA warns about rogue firm, RB Wealth, which claims to operate from Cambridge and Malta
Mark at Moneyology writes:
I feel it is important to share this information issued by the regulator the FCA.
The FCA has issued a warning over a “scam” wealth management firm, which it says, is operating without authorisation.
On its website the rogue firm, RB Wealth, claims to operate from Cambridge and Malta and offer investments and other services.
But a statement from the FCA reads: “We believe this firm has been providing financial services or products in the UK without our authorisation.”
The regulator urged consumers to be “especially wary of dealing with this unauthorised firm.”
The FCA warning added: “Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us.
“However, some firms act without our authorisation and some knowingly run investment scams.
“This firm is not authorised by us and is targeting people in the UK.
“Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.”
The firm’s details are:
Telephone: 01223 631 383
The regulator was keen to point out that the company has no connection with a legitimate business with a similar name.
A unique technology based IFA offering Investment / Pension / Protection to Individuals and Companies. Reducing management cost by 33% on Investments and Pensions.