RM500,000 Gone: Lecturer Duped by Online Investment Scam
A 39-year-old lecturer in Kuantan has been defrauded of RM493,600 in a sophisticated online investment scam
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FCA Flags 9 Unlicensed Financial Website: Warning on Investor Risks
Abstract：FCA warns against 9 unlicensed financial websites, urging investors to avoid them due to lack of regulatory protection.
The UKs Financial Conduct Authority (FCA) has issued a warning about 9 unlicensed financial websites that may be offering or promoting financial services without proper authorization. The regulator urges investors to avoid dealing with these firms as they do not have the necessary FCA license, leaving consumers unprotected in case of disputes or financial losses.
FCA has flagged the following 9 firms as unauthorized and potentially deceptive:
1. Name: Harber Asset Management LLC
Address: 68 East 56th Street, New York, NY, UNITED STATES OF AMERICA, 10022
780 3rd Avenue, New York, NY, UNITED STATES OF AMERICA, 10017
Telephone: +19175632559, +19942886253
Email: info@harberassetmgmt.com
Website: www.harberassetmgmt.com
Other Information: This firm seems to be cloning some details of a legitimate US firm.
2. Name: Global Astock Market Trade
Address: D1371, Downtown, Dubai, UNITED ARAB EMIRATES
Telephone: +12362601545
Email: support@globalastockmkt.trade
Website: www.globalastockmkt.trade
3. Name: Lutex Options
Address: Euston Tower, 286 Euston Road, London, UNITED KINGDOM, NW1 3DP
12 Marina Boulevard, Tower 3, #17-01 Marina Bay Financial Centre, SINGAPORE, 018982
Email: support@lutexoptions.com
Website: www.lutexoptions.com
4. Name: Lutex Shares
Address: 202 Helga Springs Road, UNITED KINGDOM, CB4 3AA
Email: support@lutex-shares.com
Website: www.lutex-shares.org
5. Name: obitfx.online
Address: Knightsbridge Green, London, UNITED KINGDOM, SW1X 7QA
Email: admin@obitfx.online
Website: https://obitfx.online
6. Name: Zencap / Zencap.net (Clone of FCA Authorised Appointed Representative)
Email: info@zencap.net
Website: zencap.net
7. Name: ADLER KASS BUSINESS CONSULTANCY
Address: 40 Worth Street, New York, NY, UNITED STATES OF AMERICA, 10013
Fax: +19173987390
Email: info@adlerkassbusiness.com
Website: www.adlerkassbusiness.com
8. Name: RAPIDMINING247
Address: 8 Galleyway, London, UNITED KINGDOM
Email: support@rapidmining247.pro
Website: www.rapidmining247.pro
9. Name: VIOinvest
Address: 2 Frederick Street, Kings Cross, London, UNITED KINGDOM, WC1X 0ND
Email: management@vioinvest.com
Website: www.vioinvest.com
These firms may provide incorrect contact details, change their information over time, or even use details that belong to legitimate businesses or individuals to appear credible.
What is the FCA?
The Financial Conduct Authority (FCA) is the regulatory body overseeing financial services in the UK. Its primary role is to ensure that financial firms operate fairly, transparently, and in compliance with strict regulations to protect consumers and maintain market integrity.
What Happens If an FCA-Regulated Firm Collapses?
One of the key protections for investors dealing with FCA-authorized firms is the Financial Services Compensation Scheme (FSCS). If a regulated firm collapses, investors may be eligible for compensation:
• Up to £85,000 per person for lost deposits from a failed financial institution.
• Compensation for investment losses if the firm engaged in fraudulent or improper conduct.
• Faster resolution and potential recovery of funds through the FCAs intervention.
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.
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