!!! FCA Warns!!! Avoid these Phoney brokers

On 18 April 2023, one of the best regulators in the World Financial Conduct Authority (FCA) found some clone firms in the market. FCA issued a warning Against Vehicle Purchasing UK Limited and Henyep Markets. Financial Authority warned investors to stay away from these Phoney Brokers. Here are the screenshots of these clone firms.

Name: Vehicle Purchasing UK Limited /https://www.vehiclepurchasing.co.uk (Clone of FCA Authorised Firm)

Telephone: 01156774015

Mobile: 07495577369

Email: info@vehiclepurchasing.co.uk

Website: https://www.vehiclepurchasing.co.uk

Name: Henyep Markets (Clone of FCA authorised firm)

Address: St Clement‘s House, 27-28 Clement’s Lane, London, UNITED KINGDOM, EC4N 7AE

Telephone: 442039067347

Email: roger.bach@uk.hycm.com

Website: www.hycm.co.uk

FCA said Scammers may give out other false details, including email addresses, telephone numbers, postal addresses and Firm Reference Numbers. Phoney brokers may mix these details with the genuine details of authorised firms. FCA also stated these firms are providing financial services or products without their authorization. Authority advised people to avoid dealing with them and beware of potential scams.

About FCA

The Financial Conduct Authority (FCA) is a regulatory body in the United Kingdom that oversees financial markets to ensure they are fair, transparent and operate in the best interest of consumers. It was established in 2013 to replace the Financial Services Authority. The FCA has the power to enforce regulations, investigate misconduct and impose penalties. It works to protect consumers by monitoring financial firms and products, promoting competition and ensuring that firms are financially stable. The FCA also provides guidance and education to consumers to help them make informed financial decisions.

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