FCA Issues Warning Against Unauthorized Broker Novatrust-asset

The Financial Conduct Authority (FCA) has released a public warning regarding Novatrust-asset, alerting investors that the entity is operating without regulatory authorization in the United Kingdom. According to the FCA, Novatrust-asset may be providing or promoting financial products and services to UK residents without the necessary permissions. In the UK, almost all firms and individuals must be authorized or registered by the FCA to conduct or market financial services. Details of the unauthorized entity provided by the regulator include: - Firm Name: Novatrust-asset - Address: 37 Westminster Buildings, Nottingham, Nottinghamshire, United Kingdom, NG1 6LG - Email: [email protected] - Website: www.novatrust-asset.com The FCA notes that unauthorized entities often provide misleading or incorrect contact details, including postal addresses, telephone numbers, and email addresses, and may change them over time to evade scrutiny. Some firms also misuse details belonging to legitimate businesses to appear authentic. Investors who engage with unauthorized entities like Novatrust-asset lose access to critical statutory protections. Specifically, clients will not have recourse to the Financial Ombudsman Service to handle complaints and will not be covered by the Financial Services Compensation Scheme (FSCS) in the event the firm fails or goes out of business. Consumers are strongly advised to check the FCA Firm Checker to confirm a broker's regulatory status before investing any funds. Any suspected interactions with unauthorized firms should be reported directly to financial authorities.