Another Clone Targets UK Clients – FCA

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) has warned against a firm called JJ Bauer Asset Management / JJ Bauer Equity Research, which is 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 a legitimate firm, authorized for operation in the European Economic Area, the UK included.

The FCA said the contact details and addresses of the clone are as follows:

Addresses: 46a Avenue John F Kennedy, L - 1855 Luxembourg

Neuriedgasse 4, Eisenstadt, A-7000, Austria (clone of authorised firm’s address)

19 & 22/F Shibuya Mark City, 1-12-1 Dogenzaka, Shibuya-Ku, Japan

28 West 44th Street, New York 10036, USA

Telephone: 0035220202103; 0035227860512; 004372088046; 0081345209499; 0016464752093

Fax: 0035224610550; 0043268220563004

Website: www.jj-bauer.com

Email: info@jj-bauer.com

The legitimate entity, named Josef Johann Bauer has a reference number of 446164 and is headquartered at Neuriedgasse 4, Eisenstadt, A-7000, Austria, the watchdog also said.

The FCA reminded UK investors that clones employ the tactic of adopting a legitimate company’s name when they cold call potential victims, urging them to be wary if they get contacted by anyone claiming to work for this company.