UK’s Financial Conduct Authority warns against Tait Investment Group

July 10, 2018 at 07:02 PM

The UK financial regulator Financial Conduct Authority (FCA) has issued its warning against an unregulated trading company that tries to reach out British investors. This warning concerns a Forex trading company Tait Investment Group (www.taitinvestmentgroup.com) The company Tait Investment Group is not authorized by the FCA and also it carries on regulated activities that require authorization. The broker firm offers trading Forex, stocks and CFDs. The company claims to be located in London, United Kingdom and regulated by Financial Conduct Authority. They also state that Tait Investment Group is a member of the London Stock Exchange and an approved HM Revenue & Customs ISA (Individual Savings Accounts) Manager. In its warning the FCA mentioned that Tait Investment Group is not actually operating from the address provided on the website. Also the FCA registration number on the website does not belong to the firm. It’s obvious that the firm acts without the authorisation and most probably runs investment scam. Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorized by the FCA. The regulator advises investors to check company names of Forex brokers in the Financial Services Register, kept by the FCA. Investors should also keep in mind that their funds are not covered under the Financial Services Compensation Scheme (FSCS) if the company they are dealing with is not authorized by FCA. You can read our review on this broker here.