The UK financial regulator, the Financial Conduct Authority (FCA ) 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
The FCA are also paying attention to misleading crytpo ads. The regulator provided its draft rules earlier this month. Aside restricting crypto ads the FCA intends to apply restrictions to ‘qualifying crypto assets.’ The full draft is available on the FCA website.
Aside the FCA, Spain and Singapore drafted rules for promoting cryptocurrencies . Many of the fraudulent cryptocurrencies were promoted in social media. Influencers were approached and offered money in exchange for promoting the cryptocurrency. 2022 is expected by many to be the year of the crypto regulations.
The UK financial regulator, the Financial Conduct Authority (FCA ) 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
The FCA are also paying attention to misleading crytpo ads. The regulator provided its draft rules earlier this month. Aside restricting crypto ads the FCA intends to apply restrictions to ‘qualifying crypto assets.’ The full draft is available on the FCA website.
Aside the FCA, Spain and Singapore drafted rules for promoting cryptocurrencies . Many of the fraudulent cryptocurrencies were promoted in social media. Influencers were approached and offered money in exchange for promoting the cryptocurrency. 2022 is expected by many to be the year of the crypto regulations.
- '
- 2022
- activities
- Ads
- All
- Assets
- AUGUST
- authority
- Bonds
- Consumers
- could
- credit
- crypto
- Crypto regulations
- cryptocurrencies
- cryptocurrency
- exchange
- expected
- FCA
- financial
- financial services
- funds
- HTTPS
- influencers
- investment
- Investments
- IT
- large
- Limited
- Media
- money
- network
- Notes
- offering
- provide
- regulations
- rules
- Services
- Singapore
- Social
- social media
- Solutions
- Spain
- Statement
- substantial
- Through
- Traders
- Uk
- Website
- year
