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Abstract:If you want to protect your hard-earned money, stay vigilant and informed. Recently UK's regulator, Financial Conduct Authority (FCA) issued a warning to an illegal broker. The authority stated: This firm is not authorised by us and may be targeting people in the UK.
If you want to protect your hard-earned money, stay vigilant and informed. Recently UK's regulator, Financial Conduct Authority (FCA) issued a warning to an illegal broker. The authority stated: This firm is not authorised by us and may be targeting people in the UK.
Unauthorised firm details
Name: Renoxyield
Address: Wellington Street, Leeds, UNITED KINGDOM
Email: support@renoxyield.com
Website: www.renoxyield.com
The broker warned traders and investors If you deal with this firm. You also won't be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it's unlikely you'd get your money back if the firm goes out of business.
Choose a financial firm that has been authorized by a respected financial organization. Checking if your investment is properly licensed is the best way to ensure that it is in excellent hands and fully complies with all rules. Whom do you believe if you don't believe the warnings of the FCA, a respectable financial regulator?
About FCA
Financial Conduct Authority (FCA) is a regulatory body in the UK. The FCA's main role is to protect consumers by regulating financial products and services, promoting competition, and ensuring that financial firms are financially stable. The FCA also has the power to investigate and take enforcement action against firms that breach its rules and regulations.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.