WikiFX Scam Alert: Unauthorized Firm LAMELLE FINANCIAL CONSULTANTS Has Been Blacklisted By FCA

The Financial Conduct Authority (FCA) is a regulatory body in the United Kingdom that oversees financial markets and firms. If a firm is blacklisted by the FCA, it means that the FCA has determined that the firm is operating in a way that is not compliant with regulations or is otherwise deemed to be a potential risk to consumers. It is important to note that these firms are not authorized by the FCA and therefore, it is illegal for them to conduct business in the UK. It is also advisable for individuals to avoid doing business with these firms, as they may be operating fraudulently or in violation of other laws.

An example is LAMELLE FINANCIAL CONSULTANTS LIMITED

Overview and its regulation

According to its website's registration, the said firm has been in the online trading business for a year now. It offers 5 types of accounts and provides online trading for Forex, Stocks, Commodities, and Indices. The company is located at Sweetwood Drive Street, Boulder, Colorado 80302.

On the other hand,

Since the company is based in the US, upon checking its name on the US SEC, it does not appear on the results. Furthermore, the same result occurred on FCA registration list, in fact FCA has released a warning statement on their official website about LAMELLE FINANCIAL CONSULTANTS LIMITED.

Investor's feedback

WikiFX has gathered a few comments from its investors who have had negative experiences with this broker.

As well as other comments from reliable review sites.

Conclusion

It is important to avoid doing business with firms that have been blacklisted by the Financial Conduct Authority (FCA) such as LAMELLE FINANCIAL CONSULTANTS LIMITED as they may be engaged in illegal or fraudulent activities. It is always recommended to check the FCA register before engaging with any financial firm to ensure they are authorized and regulated by the FCA. Additionally, individuals should be cautious of firms offering financial services without proper authorization and should report any suspicious activity to the FCA.

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