Have you found the sample you need?

Save your time and order an original essay now!


Products And Investments Not Covered Under Fca

Download PDF

There are some products and financial services offered in certain global sectors, which are not approved by FCA. People should ignore firms offering schemes in such areas such as wine, sustainable energy, precious metals, storage & parking lot, overseas investment in farms, hotels / holiday homes, student accommodation, overseas land & forestry, crypto currency, diamond etc. These come under unregulated investment products and are risky. Firms offering such unregulated schemes are not backed by government and the offers are not supported by consumer compensation schemes.

Essay due? We'll write it for you!

- any subject

- min. 3-hour delivery

- pay if satisfied

Get your price

What are unregulated investment schemes?

The investment firm (especially, the firms which are not authorised by the UK government or the ones not present in the company register list) offering schemes in unregulated products and promising huge profits in such schemes can be a scammer. Mostly firms offering schemes related to unregulated products are not backed by government organizations and you will not get access to government website links through their website offering such schemes. If the government backed websites are not used for investment, one will not get compensation (via FOS or FSCS) on loss of money.

Even, if you are buying the scheme through a regulated firm, there are rules related to unregulated investment (in the mentioned set of products), where the government will not provide compensation on loss. If you suffer a loss, you can report the matter to government, and your case will be referred to Corporate Complaints or Industrial Strategy departments or the police.

Scams of unregulated products

Investors will come through mails, seminars or exhibitions, and will pressurise you to invest in schemes that sound extraordinarily good. These offers are based overseas and the scammer claim to have an office in the UK prime city. Once the investment is made they close down the account and refuse to pay back returns.

How to prevent unauthorised product scams?

Do not attend to cold calls or fake investment offers. View the FCA Warning List to identify if the deal is coming through fraudsters. Check the company register to verify the status of the firm offering the deal. Find out more about the company, its directors and consumer reviews.

Seek financial advice from reputed firm or government – backed authorities and not from the experts suggested by the scammer.

Find information about such investment from government backed websites and see advisories at PIMFA.

If you have already invested in such scheme

Contact consumer helpline to find out what to do to prevent future loss. Report the matter with government authorities, or fill the report form. If you get calls from the firm again, get details of the scammers and help authorities find the fraudsters. Those who suspect they may get trapped into investing in such schemes, contact UK government consumer helpline number immediately.

Disclaimer: This essay has been submitted by a student. This is not an example of the work written by our professional essay writers. You can order our professional work here.

Download essay
76 editors online and ready to help you with your essay

Sorry, copying is not allowed on our website. If you’d like this or any other sample, we’ll happily email it to you.

By clicking “Send”, you agree to our Terms of service and Privacy statement. We will occasionally send you account related emails.



Your essay sample has been sent.

Want us to write one just for you? We can custom edit this essay into an original, 100% plagiarism free essay.

thanks-icon Order now

Newest essays & research papers

Cosmetology is the study of beauty. There are many different branches of Cosmetology which can include; hair, skin care, cosmetics, manicures/pedicures, and so much more. The main thing people think…
Throughout time, , and now the well-known field of cosmetology have raisin and fell. I can remember the time when black women were wearing Afros and Caucasian women short cuts…
College Nightmare After high school, everyone looks forward to their first semester of college. A few short months after graduation, I started filling out paperwork to begin my college journey.…
Not long ago, the global economy didnt matter much to the average American. But the North American Free Trade Agreement (NAFTA) and Most Favored Nation status (MFN) with China taught…
It is with my most prominent plan to show how NAFTA has had an effect on the U.S. alone with two other locale, for example, Canada and Mexico. In 1994,…
Bill Clinton became president in 1993. He was not the most experienced when it came to foreign policy. By December, President Clinton had decided to take steps to unify relations…
Sugar, Spice, and Capitalism Sugar is a central part of Britain’s cultural heritage because it is the foundation for many of Britain’s defining commodities and features. For example, it would…
Capitalism vs. Socialism: What is similar and what is different, and how do they compare to a Free Market economy? Both systems, communism and capitalism, have undeniable virtues. Marx’s theory…
Capitalism is a form of economic system in which government does not interfere in business. Capitalism is one of the oldest economic systems. Thousands years ago it was known as…
Income Inequality When the constitution of the US was drafted, the founders wrote it with the fear of having an overly powerful central government, largely due to their colonial experience.…
It is commonly said, by those who it does not affect, that income inequality is either unimportant in the grand scheme of things, not a big deal, or nonexistent. These…
Income Inequality Income inequality is a very real issue that is almost impossible to ignore. The sad truth is that many do ignore it despite such jarring factual information, and…
Load More

Eduzaurus.com uses cookies to offer you the best service possible.By continuing we’ll assume you board with our cookie policy.

Do not miss your deadline waiting for inspiration! Our writers will handle essay of any difficulty in no time. Want to get a custom essay from scratch?
Do not miss your deadline waiting for inspiration! Our writers will handle essay of any difficulty in no time. Want to get a custom essay from scratch?
Do not miss your deadline waiting for inspiration! Our writers will handle essay of any difficulty in no time. Want to get a custom essay from scratch?