The Financial Conduct Authority (FCA) has warned against a firm called JJ Bauer Asset Management / JJ Bauer Equity Research, which is a clone 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:
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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
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.