The Financial Conduct Authority (FCA) has issued an alert to consumers not to fall foul of a website which is a clone of London-based wealth manager.
The clone firm is operating from the website www.blackbirdeurope.com, and is not authorised under the Financial Services and Markets Act 2000 to carry on advising on and arranging deal in investments. It has no association with the similarly named Blackbird Europe Limited, FSA number 192356, the FCA said. The FCA said it believes the website is targeting UK consumers and has warned them not to deal with the site, adding that investors have no recourse to the Financial Ombudsman Service or the Financial Compensation Scheme if they deal with an unauthorised firm.
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