LC&F Government funded compensation scheme set up

Reaper

ratechaser said:

FCA registered, look, there's a number at the bottom of the page... and a nice office in the city. Sure it must all be fine.

Yes and their web site says "Best Banks & Building Societies" so obviously they aren't going to push people into unregulated investments are they? 

They also say they have 99% 5 star reviews but they forget to say on which site. I can't even find them on Trustpilot or Feefo who are the usual culprits.

dunstonh

ratechaser said:

Albermarle said:

This morning was looking at a local news site online and this popped up. 

Best Fixed Rate Bonds - Returns Up To 7% Per Year

Flexible Bonds Showing Great Returns. Completely free of charge, only takes 20 seconds and always no obligation

bonds-4u.com

FCA registered, look, there's a number at the bottom of the page... and a nice office in the city. Sure it must all be fine.

It's a clone scam.  The FCA register has no trading name "bonds 4u" on the register. SEI investments. SEI are not active in this area and do not hold the regulatory permissions to provide deposits.  

The website domain was registered on 19th April 2021 (just two days ago) for just one year using namecheap Inc.     A different domain host to that used by the real SEI.

This is not the real SEI but someone pretending to be (although you know that, I have just added the info completeness)

Alexland

dunstonh said:

This is not the real SEI but someone pretending to be (although you know that, I have just added the info completeness)

Has anyone reported it yet?

https://www.fca.org.uk/consumers/report-scam/report-scam-unauthorised-firm

Albermarle

More to the point maybe is that similar adverts crop up all the time, often on what you would think would be websites who would take more responsibility for what they are advertising .

Then again if Classic FM are happy to have adverts for claim firms asking ' have you lost money on your ISA with your bank ? you could be owed thousands in compensation etc '

Facebook , Google etc are not the only ones happy to take money from dodgy advertisers of 'financial services ' 

Alexland

Albermarle said:

similar adverts crop up all the time, often on what you would think would be websites who would take more responsibility for what they are advertising .

The advertising is often outsourced to agencies so they lose control of what adverts appear on their website but I guess they have assessed this risk and determined they are unlikely to ever be held to account for showing dodgy adverts and are happy to take the money without asking too many questions.

Thrugelmir

IvanOpinion said:

  Back in 2007 during the financial crash when several banks collapsed some got help others didn't (an element of nepotism?).

Are you referring to Northern Rock?