FCA Cautions against Clone Firm Impersonating Finalto

The Financial Conduct Authority (FCA) has flagged
Finalto Pro, an alleged clone firm claiming affiliation with the FCA-regulated
entity, Finalto Financial Services Limited. The firm is utilizing deceitful
tactics to convince unsuspecting individuals of its authenticity.

The FCA has issued a warning, shedding light on the
deceptive practices of Finalto Pro and urging caution among financial
consumers. Finalto is mimicking the details of Finalto Financial Services
Limited. The fraudsters operating Finalto Pro use the same name, email
(support@finalto.pro), and website (https://finalto.pro/) to ensnare
unsuspecting users.

The regulator has warned individuals who engage with
the firm that they will not be protected by the Financial Ombudsman Service or
the Financial Services Compensation Scheme.

Finalto Pro / https://t.co/SGMfOjSZUe (Clone of FCA Authorised Firm) https://t.co/WizECXnR8o

— Jared Kirui (@JaredLopta79285) November 10, 2023

Drawing a clear distinction, the authentic Finalto Financial Services Limited possesses the FCA’s stamp of approval with the
reference number 481853. Its registered address is on the 11th Floor, Broadgate
Tower, 20 Primrose Street, London. The contact details of the company are
+442034558751, compliance@finalto.com, and can be verified on its official
website, https://liquidity.finalto.com/uk/.

Users have been advised by the FCA to engage
exclusively with authorized financial firms to protect themselves against such
deceptive practices. The Financial Services Register offers a tool for
verifying a firm’s authorization and permissions, providing essential
information on protection measures and authorized contact details.

Meanwhile, the Cyprus Securities and Exchange
Exchange

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv
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Commission (CySEC) has warned about four unauthorized investment services. The
regulator has pinpointed four websites, stonexly.com, retailfx.net,
ftmartzone.com, and ctcapitaltraders.com, operating without the necessary
authorization for the provision of investment services.