Unlicensed and Clone Firms: FCA Warns About Six New Entities

The UKs Financial Conduct Authority (FCA) has issued a new alert warning consumers about six entities that are either operating without proper authorization or impersonating authorized firms. Among these, one entity has been identified as a clone firm, which mimics the name and details of a legitimately registered company to deceive investors.

Details of Unlicensed and Clone Entities

The FCA has identified the following six unlicensed and clone entities:

1. Sentinel Financial Enforcement (Clone Firm)

• Address: L-2453 Luxembourg, Rue Rugene Ruppert

• Address: One Canada Square, London, E14 5AB

• Telephone: +35220331772

• Mobile: +447537183638

• Email: support@sentinel-fe.com

• Website: https://sentinel-fe.com

Sentinel Financial Enforcement is a clone of a legitimate FCA-authorised firm. It uses similar contact details and website elements to deceive potential clients. Investors are strongly advised to avoid any dealings with this entity, as its primary intention is to impersonate a regulated business to gain trust and exploit unsuspecting victims.

2. TRAISON EXCEL BUSINESS ASSOCIATES

• Address: 59 Maiden Avenue, New York, NY, UNITED STATES OF AMERICA, 10038

• Fax: +16467940360

• Email: info@traisonexcel.com

• Website: www.traisonexcel.com

TRAISON EXCEL BUSINESS ASSOCIATES falsely claims to offer financial advisory and trading services without the necessary FCA registration. Engaging with this company exposes investors to significant financial risks as it lacks any official oversight.

3. Crestmont Financial Group LLC

• Address: 576 Fifth Avenue, New York, NY, UNITED STATES OF AMERICA, 10036

• Telephone: +13472748807

• Email: info@crestmontfingroupllc.com

• Website: www.crestmontfingroupllc.com

Crestmont Financial Group LLC advertises investment services without any FCA authorisation. Consumers are advised to be extremely cautious when approached by this entity.

4. SJ LUXEMBOURG CORPORATE GROUP

• Address: 125 Park Avenue, New York, NY, UNITED STATES OF AMERICA, 10017

• Telephone: +19144623204

• Email: info@sjluxembourgcorp.com

• Website: www.sjluxembourgcorp.com

SJ Luxembourg Corporate Group promotes itself as a corporate advisory service provider but lacks FCA registration. Investors should thoroughly verify the companys legitimacy before engaging in any financial dealings.

5. INSTANT INVEST FX

• Address: 3 Canary Wharf, Churchill Place, London, UNITED KINGDOM

• Email: support@instantinvestfx.com

• Website: www.instantinvestfx.com

Instant Invest FX falsely advertises foreign exchange trading services and lacks the necessary FCA authorisation. Consumers are urged to stay alert and avoid financial engagements with this entity.

6. FINAXEN-TRADEPIPS

• Website: https://finaxentradepips.com/

FINAXEN-TRADEPIPS claims to offer trading services without FCA approval, posing significant risks to investors who engage with the platform.

What This Means for You

If you deal with these unauthorised firms, you won‘t have access to the Financial Ombudsman Service (FOS) or protection under the Financial Services Compensation Scheme (FSCS). This means if the firm collapses, you are unlikely to recover any lost funds. Always check a firm’s FCA registration before investing.