Warning: Beware of Clone Firm “Vision FS Ltd”
The UK’s Financial Conduct Authority (FCA) has issued a serious alert regarding a fraudulent entity known as “Vision FS Ltd,” which is impersonating a legitimate and FCA-authorized firm.
This clone firm is not authorized by the FCA and has been attempting to deceive individuals by presenting itself as the reputable company.
Clone Firm Details
Fraudsters are exploiting the following details to execute their scam:
- Name: Vision FS Ltd (clone of FCA authorised firm)
- Website: https://vision-fs.com
- Email: support@vision-fs.com
It is important to note that scammers might also use other false contact details or may mix these with genuine details of authorized firms.
They could also change their contact information over time to evade detection.
Risberks of Dealing with Unauthorised Firms
When engaging with firms like “Vision FS Ltd,” you are at risk because:
- You will not have access to the Financial Ombudsman Service for complaints.
- You will not be protected by the Financial Services Compensation Scheme (FSCS), making it highly unlikely to recover funds if the firm collapses.
How to Protect Yourself
To safeguard your interests, always verify whether a financial firm is authorized by checking the FCA’s Financial Services Register.
Dealing with only authorized firms provides greater protection should issues arise.
- Verify firm authorization on the Financial Services Register.
- Confirm the firm’s contact details match those listed on the register.
If contacted unexpectedly by a financial entity, respond using only the verified contact details from the FS Register.
Report Suspicious Activities
If you suspect you have been approached by “Vision FS Ltd” or any other clone firm, immediately report it to the FCA by calling 0800 111 6768 or using the contact form available on their website.
Conclusion
Stay vigilant against financial scams and always confirm the legitimacy of any firm claiming to offer financial services.
Unauthorized and clone firms pose a significant threat, and dealing with them can lead to substantial financial loss.
For more details, visit the official warning page on the FCA’s website
