Continuing its attempts to raise the awareness of the investing public and help them protect themselves, the UK’s financial markets’ watchdog, the FCA, has issued two warnings against two separate firms, which are not authorized by the appropriate authorities to provide financial services or products in the UK without our authorization, but which are nevertheless engaging in targeting people in the UK.
The FCA, once again warns investors that firms acting without its authorization do exist and that some knowingly run scams like share fraud. Thus, the regulator strongly advises consumers to only deal with authorized financial firms by checking the Financial Services Register in order to ensure that firms approaching them are indeed regulated entities and also urges them to always report to the FCA the incidents when they are cold called or in any other way approached by firms which are unauthorized.
The first firm that the public is warned against is called MTR Global and operates from the website www.mtrglobal.com, having listed addresses in Japan and Canada, as follows:
MTR Global Head Office, 12/F Tokyo Banker’s Club Build, 1-7-2 Maruouchi, Chiyoda-ku, Tokyo 100-0005, JAPAN and
MTR Global Canada Office, Georgia Business Center, 1500 West Georgia,15th floor, Vancouver, British Columbia, BC V6G 2Z6, CANADA.
The second warning was issued against the company called Sterling & Carter, whose offices are located at 2nd Floor, Lawford House, 4 Albert Place, London N3 1QA and which appears to be operating via the website www.sterlingandcarter.co.uk.