FCA Issues Warning Against Clone Firm RTC Finance
- RTC Finance is operating as a clone of EEA-registered Spot Capital Markets, drawing the latest FCA warning.
The UK’s Financial Conduct Authority (FCA) has continued its ongoing effors to warn the general public against fraudulent and unauthorized entities. The regulator has warned against 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 firm RTC Finance, which is impersonating EEA-authorized firm Spot Capital Markets Ltd.
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Clone firms are not an unusual occurrence in the industry, as fraudsters have grown increasingly resourceful in recent years. A commonly adopted tactic is for scammers to advertise an illegal operation as a reputable brand or entity. Individuals in the UK have been targeted by RTC Finance, a.k.a. Icon Markets, a.k.a. First World Consultants Limited, drawing this latest warning.
The clone firm is using the address www.rtcfinance.com, with the following contact information:
Spyros Court, Office 12, Makariou III Avenue 42, 3065, Limassol, Cyprus
5 Cork Street, Belize City, Belize
35 Barrack Road, PO Box 2391 2nd floor, Belize City, Belize
Telephone: 0203 6775499, 01617381919
Individuals are advised to avoid engaging with RTC Finance or any of its other unregulated entities. The clone firm is not authorized by the FCA and has been giving out false details and information in an attempt to lure clients using some correct details of Spot Capital Markets Ltd.
On its part, Spot Capital Markets Ltd is in no way affiliated or associated with the clone firm, and is registered with the EEA (reference number 613078). Individuals are encouraged to utilize the FCA’s register to ascertain the authorization of any firm before dealing with it. All individuals or firms garnering FCA Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term or authorization appear on the register – a simple check of any firm deemed suspicious is highly advised to avoid falling victim to any scam.
The UK’s Financial Conduct Authority (FCA) has continued its ongoing effors to warn the general public against fraudulent and unauthorized entities. The regulator has warned against 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 firm RTC Finance, which is impersonating EEA-authorized firm Spot Capital Markets Ltd.
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Clone firms are not an unusual occurrence in the industry, as fraudsters have grown increasingly resourceful in recent years. A commonly adopted tactic is for scammers to advertise an illegal operation as a reputable brand or entity. Individuals in the UK have been targeted by RTC Finance, a.k.a. Icon Markets, a.k.a. First World Consultants Limited, drawing this latest warning.
The clone firm is using the address www.rtcfinance.com, with the following contact information:
Spyros Court, Office 12, Makariou III Avenue 42, 3065, Limassol, Cyprus
5 Cork Street, Belize City, Belize
35 Barrack Road, PO Box 2391 2nd floor, Belize City, Belize
Telephone: 0203 6775499, 01617381919
Individuals are advised to avoid engaging with RTC Finance or any of its other unregulated entities. The clone firm is not authorized by the FCA and has been giving out false details and information in an attempt to lure clients using some correct details of Spot Capital Markets Ltd.
On its part, Spot Capital Markets Ltd is in no way affiliated or associated with the clone firm, and is registered with the EEA (reference number 613078). Individuals are encouraged to utilize the FCA’s register to ascertain the authorization of any firm before dealing with it. All individuals or firms garnering FCA Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term or authorization appear on the register – a simple check of any firm deemed suspicious is highly advised to avoid falling victim to any scam.