Entities that appear to be operating without the required authorisation, that impersonate authorised firms, or that display patterns consistent with investment fraud. Always cross-check against the public register before depositing funds.
Important. Presence on this list is a supervisory warning, not a criminal finding. Some listed entities may operate outside the UK; the FMC publishes them because they solicit UK residents. If you believe an entity is missing from this list, report it via the complaint form.