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FCA warns of BlackRock clone scam

The FCA has warned of a scam involving a clone firm pretending to be BlackRock. In a warning notice on its website, the regulator draws attention to BlackRock Crypto Asset Management, which it says is a copycat firm of BlackRock Investment Management (UK). The warning notice says: “This is what we call a ‘clone firm’; […]

Succession to compensate after battle over advice responsibility

Succession Wealth Management has been ordered to pay compensation despite arguing it should not be responsible for the advice that was complained about. In an upheld ruling, the Financial Ombudsman Service says Succession should have advised the complainants, Mr and Mrs D, to use their yearly Isa allowance to avoid a potential capital gains tax […]

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