On February 7, 2022, the Financial Conduct Authority issued a warning regarding Fairstone Investment (Clone of FCA Authorised Firms and UK Registered Company)

In its notification, the FCA said "Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out more about this 'clone firm'.".

The FCA went on to note that

Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm.

This is what we call a 'clone firm'; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the 'firm reference number' (FRN) we have given the authorised firm or other details.

You can find out more about this scam tactic and how to protect yourself from clone firms.

Clone firm details

Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:

Fairstone Investment (Clone of FCA Authorised Firms and UK Registered Company)

Telephone: +447385139486

Email: admin@fairstone-investment.com

Website: www.fairstone-investment.com

Other Information: Please note that the above-named entity has no association whatsoever with the UK registered company Fairstone Capital Investment Limited (UK Company Registration Number 09928851). Scammers are falsely claiming the name and company number of the UK registered company.

Be aware that scammers may give out other false details or mix these with some correct details of the registered firm. They may change contact details over time to new email addresses, telephone numbers or physical addresses.

FCA authorised firm details

This FCA authorised firm that fraudsters are claiming to work for has no association with the ‘clone firm’. It is authorised to offer, promote or sell services or products in the UK and its correct details are:

Firm Name: Fairstone Financial Management Limited

Firm Reference Number: 475973

Address: 1 The Bulrushes
Woodstock Way
Boldon Business Park
Tyne and Wear, NE35 9PF, UNITED KINGDOM

Telephone: 448456050680

Email: tom.taylor@fairstone.co.uk

Website: http://www.fairstone.co.uk

Firm Name: Fairstone Wealth Management Limited

Firm Reference Number: 188596

Address: 1 The Bulrushes
Woodstock Way
Boldon Business Park
Tyne and Wear, NE35 9PF, UNITED KINGDOM

Telephone: +4401915196000

Email: tom.taylor@fairstone.co.uk

Website: www.fairstone.co.uk