FCA Warns Consumers Against Wealthstockltd.co.uk

The Financial Conduct Authority (FCA) has warned that wealthstockltd.co.uk may be providing or promoting financial services or products in the UK without permission. The regulator says the firm is not authorised by it and may be targeting UK consumers, advising people to avoid dealing with the website and to beware of scams. The FCA lists the firm’s name as wealthstockltd.co.uk and gives its address as London, United Kingdom. The website named in the warning is https://wealthstockltd.co.uk. The regulator cautions that unauthorised firms may use incorrect or changing contact details, or details belonging to another business or individual, to appear genuine. Consumers who deal with an unauthorised firm cannot take complaints to the Financial Ombudsman Service and will not be protected by the Financial Services Compensation Scheme if the firm fails. The FCA says people should check a financial firm’s authorisation and permission for the services they want using its Firm Checker, and contact a business using the details shown there rather than replying to an unexpected approach. Anyone who believes they have been approached by an unauthorised firm can contact the FCA on 0800 111 6768 or through its contact form. The regulator also notes that people who sent money to a fraudster on or after 7 October 2024 may be covered by protections introduced by the Payment Systems Regulator.