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by David on March 25, 2020

New Additions To The FCA Warning List

The Financial Conduct Authority (FCA) keeps a “Warning List” composed of companies with suspicious activities, that are unregulated, give improper advice, are unauthorized to offer some of their services and etc. and they make sure to frequently update the said list.

As the main financial regulatory body of the United Kingdom, the firm keeps track of both regulated and unregulated companies offering services on the financial market and has recently issued new warnings on Wednesday against 3 more companies.

Parantoux Trading

Parantoux Trading is an unauthorized firm conducting activities without the appropriate permissions, regulations and potentially even a scam, it is advised to avoid conducting any business with the company at the current point in time.

Firm Details

Address: Two International Finance Centre
8 Finance Street
Central
Hong Kong

Phone: +85258033608
E-mail: hk@parantouxtrading.com
Website: www.parantouxtrading.com
Domain Age: 3 months

Date Added: 25/03/2020
Date Updated: 25/03/2020

Capital Seven / Capital 7

Capital Seven / Capital 7 is an unauthorized firm conducting activities without the appropriate permissions, regulations and potentially even a scam, it is advised to avoid conducting any business with the company at the current point in time.

Firm Details

Address: N/A

Phone: +441215087412 / 01617680534
E-mail: alanw@capitalseven.com
Website: www.capitalseven.com
Domain Age: 11 years

Date Added: 25/03/2020
Date Updated: 25/03/2020

Investment Supermarket / Eclipse Marketing Limited

Almost all legal entities that offer, sell or promote financial services and products to people in the UK will need to be authorized by the FCA

Investment Supermarket / Eclipse Marketing Limited is no longer authorized by the regulatory body, yet it is still targeting people in the UK.

As a result, the FCA have issued a warning against them, advising people to be cautious with the company at this point in time.

Firm Details

Address: 20-22
Wenlock Road
London
N17 GU

Telephone: 01615130239
E-mail: info@investorsupermarket.com
Website: www.theinvestmentsupermarket.com
Domain Age: 4 months

Date Added: 25/03/2020
Date Updated: 25/03/2020

Swed Bank / Swedbank

Swed Bank / Swedbank is categorized as a “Clone Firm”, meaning they replicate a similar name to an authorized/regulated firm in order to deceive unsuspecting investors. While other companies frequently mimic the names of the original firms, in this case, the firm outright clones the name of an EEA-authorized firm “Swed Bank”.

Choosing A Broker

Investing and trading with the help of financial instruments is an amazing way to make an extra income your life or even a primary source of it as well. But there are currently a large number of scam companies that are preying on the unsuspecting and vulnerable investors. This makes it very important to know how to choose a broker and to double-check the information provided by these firms. The key to succeeding in trading is risk management.

Additionally, it is important to keep an eye on the FCA’s warning list as even though they are a UK regulatory body, they also issue warnings against companies operating from and in other countries.

By David

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