The UK financial markets regulator, the Financial Conduct Authority (“FCA”) has issued a public warning against the unauthorized activities of Carrington Group LLC.
The UK Regulatory Watchdog further alerts that Carrington Group LLC is not authorized under the Financial Services and Markets Act 200 (FSMA) to perform regulated financial services activities in The UK.
The FCA furthermore added Carrington Group LLC to the list of unauthorized firms and individuals list. This list can be accessed on the FCA website.
AtoZFOREX Team recommends doing business only with the regulated financial institutions
AtoZFOREX strongly advise traders to only do business with those of financial institutions that are authorized by major Industry Regulators. Every individual should check with the Industry Regulators to ensure that these firms and individuals are, or have been, regulated by the claimed regulatory bodies.
If a firm claims to be regulated but does not appear on the regulator registers we recommend informing the regulator directly.
These are the primary steps every individual should take in order to protect him/herself from unauthorized individuals and institutions.