View more on these topics

FCA warns of fraudulent Axa IM clone

Axa Investment Managers is the latest firm to be cloned by scammers, the FCA has warned.

The clone firm has been operating under the name Axa IM with a Northampton address. The FCA warning page says a person called Alan Winks is associated with the clone firm and three email addresses have been set up.

The FCA warning says: “Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm.”

On its website, the FCA has given the correct details for Axa IM and informed people what to do to report a scam.

The FCA says: “Fraudsters look for new ways to scam consumers, but one scam increasingly reported to us involves share scammers pretending to be from firms we authorise.”

It says: “These scammers typically cold-call investors to promote shares, property or other investment opportunities that are non-tradable, worthless, overpriced or even non-existent.”

The FCA says a new tactic has seen fraudsters using the name, firm registration number, and address of firms and individuals authorised by it to suggest they are genuine but are actually clone firms.

Recommended

FCA warns of fraudulent Jupiter clone firm

The FCA has warned consumers that a scam firm has been pretending to be Jupiter Asset Management. The clone firm, has been operating under the name of “Jupiter Fund Management” but is not related to the real Jupiter. According to the FCA, fraudsters are using the details to convince people they are an authorised firm. Jupiter […]

FCA logo new 3 620x430

Property investment firm targeted in latest clone scam

The FCA is warning consumers to be wary of fraudsters who have cloned property investment firm Castlebrook Properties Ltd. The legitimate firm has been copied by scammers using the same name. The fake firm also sells a ‘Castlebrook Properties HMO Properties Bond’. The real firm is based in Old Broad Street, London. The fake firm has […]

FCA logo new 3 620x430

FCA warns of fraudulent UBS clone

The FCA has warned consumers about a clone firm of UBS, which has been operating under the name of “UBS Private Wealth Management”. According to the FCA, fraudsters are using or giving out the details under the name of the Swiss bank with a false email and phone number. The FCA warns that scammers may give […]

4

Which financial services names have made the Rich List?

Peter Hargreaves has jumped to 42nd position on the Sunday Times Rich List, a climb of nine places from last year, after seeing his wealth grow £849m to £3.2bn. Hargreaves is no longer on the Hargreaves Lansdown board but has kept a 32.2 per cent stake in the company – the value of which has […]

Neptune launches Japan Institutional Fund

By Chris Taylor, Investment Director, Head of Research Neptune is excited to announce the launch of the Japan Institutional Fund on 22 June, having disclosed to the market in March its intention to offer the product. The Fund will be managed by the highly-regarded Chris Taylor, Head of Research and manager of the long-running Japan Opportunities Fund. It will invest in the same underlying stocks as the Japan […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment