Is this the most sophisticated advice scam yet?

Web of lies hard to spot

Carmen Reichman
clock
Is this the most sophisticated advice scam yet?

The Financial Conduct Authority (FCA) has warned consumers about financial planning firm Launton Wealth, an unauthorised clone of an EEA-based company. The firm's website seems incredibly sophisticated at first but on closer inspection it is no more than a web of lies...

The regulator put up a statement on its website claiming Launton Wealth was a scam operation using the details of Liechtenstein-authorised insurance company Finanz-Control Anstalt. Launton Wealt...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Marygold & Co acquires Tiger Financial in first UK deal

Marygold & Co acquires Tiger Financial in first UK deal

US parent company

Jenna Brown
clock 23 June 2022 • 1 min read
Mark Kiddell, chief commercial officer, Wealth Wizards, said: "Having control over our finances and a clear plan to achieve our financial goals is essential for financial wellbeing and has a direct correlation with our mental and physical wellbeing."

Wealth Wizards launches self-service guidance software

Royal London among users

clock 21 June 2022 • 2 min read
PE-backed Ascot Lloyd reports 28% bump in revenues

PE-backed Ascot Lloyd reports 28% bump in revenues

Revenues of £80.3m in 2021

Jenna Brown
clock 16 June 2022 • 2 min read