On October 19, 2018, the Financial Conduct Authority issued a warning regarding Red Arc Global Investments plc (clone of an FCA recognised collective investment scheme)

In its notification, the FCA said "We believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary of dealing with this unauthorised firm and how to protect yourself from scammers.".

The FCA went on to note that

Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us.

However, some firms act without our authorisation and some knowingly run investment scams.

This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.

Red Arc Global Investments plc (clone of an FCA recognised collective investment scheme)

Address: Beaux Lane House, Mercer Street Lower, Dublin, D02 DH60;

Temple Back, Temple Quay, Clifton, Bristol, BS1 6DZ

Telephone: 0800 680 0955

Website: https://www.redarcglobal.com

Recognised collective investment scheme

This recognised collective investment scheme 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: Red Arc Global Investments (Ireland) plc (Product Reference 489791)

Fund Operator: Link Fund Manager Solutions (Ireland) Limited (Operator Reference Number 581130), 1st Floor, 2 Grand Canal Square, Grand Canal Harbour, Dublin 2, Ireland

Telephone: +353 1 400 5300

Click here to view the FCA's original notice