FSA issues warning on Sesame AR clone

clock

The Financial Services Authority (FSA) has issued a warning to investors about a business trading under the name of a former appointed representative of network Sesame.

Sterling Independent Financial Solutions claims to be registered with the FSA and has a website offering advice on pensions, mortgages and investments. Although the name, address and FSA number provided are legitimate, they actually belong to a former appointed representative of Sesame which was acquired by Dorset-based Sands Associates six years ago. It no longer trades under the Sterling name and Simon Ereira, director of Sands Associates, which is also an appointed representative of Sesame, said the FSA had contacted him about the bogus firm and said it was attempting to shut the w...

To continue reading this article...

Join Professional Adviser for free

  • 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

FCA's SDR regulation will 'make advisers sit up and listen'

FCA's SDR regulation will 'make advisers sit up and listen'

‘There has to be a fundamental re-educating of the adviser community’

Isabel Baxter
clock 30 November 2023 • 4 min read
Advice/guidance boundary review will help 'bridge advice gap'

Advice/guidance boundary review will help 'bridge advice gap'

The FCA’s latest update leads to mixed reactions from the industry

Sahar Nazir
clock 04 August 2023 • 4 min read
FCA review confirms investment pathways working 'as intended'

FCA review confirms investment pathways working 'as intended'

No changes to initiative but industry called to better support savers

Holly Roach
clock 12 July 2023 • 3 min read