FCA warns on Cyprus-based firm cloning Surrey wealth manager

Regulator says European firm has cloned details of adviser in Surrey

Sahar Nazir
clock • 1 min read

The Financial Conduct Authority (FCA) has warned that a Cyprus-based firm has cloned the details of financial adviser Blacktower Financial Management and is targeting individuals.

The regulator said ICC Intercertus Capita, which is based in Limassol, is using the details of Leatherhead-based Blacktower Financial Management, under the name of Blacktower Financial Management Group - which is the name of a previously authorised FCA firm. The FCA warned that Blacktower Financial Management Group is not authorised, and fraudsters copy the details of authorised firms to "convince people that their firm is genuine". "Scammers may mix these details with the genuine details of authorised firms," the FCA said. "Almost all firms and individuals must be authorised by us...

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 Your profession

Why the personal advice touch will thrive amid generational digital disruption

Why the personal advice touch will thrive amid generational digital disruption

Growing appetite for protection amongst younger people

Roger Brosch
clock 07 February 2025 • 4 min read
Financial planning shifts from 'sales-based to experience-based' industry

Financial planning shifts from 'sales-based to experience-based' industry

Sector shifts towards inclusivity and client experience

Sahar Nazir
clock 07 February 2025 • 2 min read
FCA: 'We need to deliver policy quickly' to tackle advice gap

FCA: 'We need to deliver policy quickly' to tackle advice gap

Sara Woodroffe stressed the need for swift action amid advice/guidance boundary review

Sahar Nazir
clock 07 February 2025 • 2 min read