9 March AtoZForex, Lagos – The UK financial watchdog, the Financial Conduct Authority (FCA) has again displayed its scrupulous nature, after warning the public about the activities of a certain firm. The FCA believes Golden Green FX Limited is rendering its financial services in the UK region, without the due authorization to do so.
It is part of the FCA’s responsibility to license firms, which are in the business of promoting or selling financial services or products in the UK. Hence, firms without such authorization are not allowed to operate in the FCA jurisdiction, hence prompting the Golden Green FX warning. The firm is not authorized to carry out the activities within the UK, and the FCA has disclosed the firm’s operational details:
Golden Green FX Limited details
|Address||5 Admiral Way, Doxford International Business Park, Sunderland SR3 3XW|
|Phone||0132 272 1388; 0191 721 0199|
|email@example.com; firstname.lastname@example.org; email@example.com; firstname.lastname@example.org; email@example.com; firstname.lastname@example.org|
Remarkably, both of the above mentioned websites of Golden Green FX Limited are not accessible. When, trying to load the either one of the websites, a message pop up stating that the website is currently under construction. Did the warning of the FCA has such an impact, that Golden Green FX Limited, decided to take down its business?
See also: FCA orders Alex Hope to pay £2.9 million
Recent Ayondo markets clone warning
Besides the Golden Green FX warning, the FCA reports a growing trend of clone firms. These frauds operate as copycats, replicating the image of a legitimate company. A recent example of a clone case involves “Ayondo Markets Limited”. It was revealed that fraudsters are attempting to scam individuals by cloning the firm “Ayondo Markets Limited”, a genuine UK authorized entity. The clone firm operates via the same name, but with the website www.ayondo-marketsltd.com was discovered by the FCA. Meanwhile, the genuine entity has the following details:
Firm reference number: 184333
Address: Floor 4 Audrey House, 16-20 Ely Place, London EC1N 6SN
Henceforth, the FCA therefore implores individuals to stay away from unauthorized entities like Golden Green FX Limited and the Ayondo clone.
Think we missed something? Let us know down in the comments section.