FCA warning of Clone Broker
FCA statement – Ellis David Insurance Brokers (clone of FCA authorised firm):
“Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm.
Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm.
This is what we call a ‘clone firm’; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the ‘firm reference number’ (FRN) we have given the authorised firm or other details.
Clone firm details:
Ellis David Insurance Brokers (clone of FCA authorised firm)
Address: 152-154 Essex Road, London N1 8LY
Telephone: 07492 300 600
Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm.
FCA authorised (bonafide) firm details
This FCA authorised firm that fraudsters are claiming to work for has no association with the ‘clone firm’. It is authorised to offer, promote or sell services or products in the UK and its correct details are:
Firm Name: Ellis David Limited
Firm Reference Number: 442066
Address: 152-154 Essex Road Canonbury, London, N1 8LY
Telephone: 020 7354 3881