FSA issues warning on Sesame AR clone

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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...

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