FCA Warns against Falcon Financial Solutions and Thestral Financial Services
- Cavendish Incorporated Ltd. carried investment activities with traders without permission.
- Falcon Financial Solutions Ltd. has been linked to Cavendish Incorporated Ltd.
The UK financial regulator, the Financial Conduct Authority (FCA Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol Read this Term) have issued a warning on Falcon Financial Solutions Ltd and Thestral Financial Services Ltd.
The following statement was made on the FCA website, "We have removed permissions from Falcon Financial Solutions Ltd and Thestral Financial Services Ltd. They are no longer permitted to carry out any regulated activities. Any investments with Falcon or Thestral may not be protected, and you could lose all your money if you invest with them."
The warning comes due to Cavendish Incorporated Ltd., which has been linked to Falcon Financial Solutions. Both Falcon and Thestral are controlled by the same individual.
The FCA issued a warning on Cavendish in August 2021. "We are aware that consumers may have invested substantial funds in bonds or loan notes issued by Cavendish or through its former appointed representative, Cottesmore Associates Limited."
"It appears Cavendish and Cottesmore have carried out investment-related activities with consumers. Neither Cavendish nor Cottesmore have ever been permitted by the FCA to provide regulated investment services."
The FCA added that they 'believe these firms may be part of a network of credit brokers/payment services firms that are offering investments to consumers which may not be protected'.
The FCA has been made aware that traders may have invested large funds in bonds or loan notes that were issued by Cavendish or Cottesmore Associates Limited.
Crypto Ads Restrictions
Additionally, the FCA is paying attention to misleading crypto ads. The regulator provided its draft rules earlier this month. Aside from restricting crypto ads, the FCA intends to apply restrictions to 'qualifying crypto assets'. The full draft is available on the FCA website.
Aside from the FCA, Spain and Singapore have drafted rules to promote cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. Many of the fraudulent cryptocurrencies were promoted on social media. Influencers were approached and offered money in exchange for promoting the cryptocurrency. 2022 is expected by many to be the year of crypto regulations.
The UK financial regulator, the Financial Conduct Authority (FCA Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol Read this Term) have issued a warning on Falcon Financial Solutions Ltd and Thestral Financial Services Ltd.
The following statement was made on the FCA website, "We have removed permissions from Falcon Financial Solutions Ltd and Thestral Financial Services Ltd. They are no longer permitted to carry out any regulated activities. Any investments with Falcon or Thestral may not be protected, and you could lose all your money if you invest with them."
The warning comes due to Cavendish Incorporated Ltd., which has been linked to Falcon Financial Solutions. Both Falcon and Thestral are controlled by the same individual.
The FCA issued a warning on Cavendish in August 2021. "We are aware that consumers may have invested substantial funds in bonds or loan notes issued by Cavendish or through its former appointed representative, Cottesmore Associates Limited."
"It appears Cavendish and Cottesmore have carried out investment-related activities with consumers. Neither Cavendish nor Cottesmore have ever been permitted by the FCA to provide regulated investment services."
The FCA added that they 'believe these firms may be part of a network of credit brokers/payment services firms that are offering investments to consumers which may not be protected'.
The FCA has been made aware that traders may have invested large funds in bonds or loan notes that were issued by Cavendish or Cottesmore Associates Limited.
Crypto Ads Restrictions
Additionally, the FCA is paying attention to misleading crypto ads. The regulator provided its draft rules earlier this month. Aside from restricting crypto ads, the FCA intends to apply restrictions to 'qualifying crypto assets'. The full draft is available on the FCA website.
Aside from the FCA, Spain and Singapore have drafted rules to promote cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. Many of the fraudulent cryptocurrencies were promoted on social media. Influencers were approached and offered money in exchange for promoting the cryptocurrency. 2022 is expected by many to be the year of crypto regulations.