The Financial Conduct Authority (FCA) has issued an alert about an unregulated firm it suspects of providing services without authorisation, after it was warned about it by advisers and Professional Adviser.
In a note of its website, the FCA said that it believed Ledger & Simmons has been providing financial services or products in the UK without our authorisation. The regulator warns investors to be "especially wary" of dealing with this unauthorised firm. The move comes after financial advisers alerted the FCA to Ledger & Simmons after coming across its website. With their help, Professional Adviser investigated the firm and found a series of worrying practices. Ledger & Simmons markets hedge fund and pay day loan investments to the general public, offering high "guaranteed" annua...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
