FCA Issues Warning on Morgan Stanley Clone

The UK’s Financial Conduct Authority (FCA) has brought to light the latest scam facing market participants, this time warning about Morgan Stanley/Morgan Stanley & Co Ltd, a Clone Clone A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for Read this Term of an FCA registered firm, in a recent FCA announcement.

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Morgan Stanley & Co Ltd is an FCA registered financial services provider (Ref: 165934), which is based out of London. By extension, the group’s clone, Morgan Stanley/Morgan Stanley & Co Ltd, has illegally replicated the former’s address (25 Cabot Square, Canary Wharf, London E14 4QA) and details in an attempt to scam people in the UK. For its part, Morgan Stanley maintains no such relation or affiliation with the clone group.

FCA Warns Against Interaction with Clone

The FCA has warned investors and market participants against engaging with Morgan Stanley/Morgan Stanley & Co Ltd. While Morgan Stanley & Co Ltd is officially registered and regulated by the FCA, the clone maintains no such background or distinction, with its investment services not being under the mantle of any judicial body.

This is hardly the first instance of a clone attempting to scam individuals through the deployment of illicit means and convoluted details. The authorized firm, Morgan Stanley & Co Ltd, does not take Client Money Client Money Client money refers to the money or margin – which may be any currency in the form of cash, check, draft, or electronic transfer – that a firm receives or holds for a client. Money held by a firm in the form of a stakeholder, which is are not payable on demand or immediately due, also refers to client money. The definition of client money does not apply to money held by businesses that operate in its own name on behalf of a client. Although the client does have to be in agreement before this arr Client money refers to the money or margin – which may be any currency in the form of cash, check, draft, or electronic transfer – that a firm receives or holds for a client. Money held by a firm in the form of a stakeholder, which is are not payable on demand or immediately due, also refers to client money. The definition of client money does not apply to money held by businesses that operate in its own name on behalf of a client. Although the client does have to be in agreement before this arr Read this Term or offer investment advice or service – all attempts to suggest otherwise should be deemed a scam.