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Aragon Asset Management (clone of authorised firm)



Aragon Asset Management (clone of authorised firm) - Warnung FCA UK - 2019-Dec-20




Aragon Asset Management (clone of authorised firm)
Warnings Published: 20/12/2019 Last updated: 20/12/2019

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’.

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:
Aragon Asset Management (clone of EEA authorised firm)

Address: 3 St James Square, London, SW1Y 4JS

Telephone: 02037451858

Email: admin@aragon-am.com; davidtaylor@aragon-am.com

Website: https://aragon-am.com/

Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm.
EEA authorised firm details

This EEA 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: Aragon Fondkommission AB

Firm Reference Number: 206714

Address: Box 7794 Stockholm SE 103 96 SWEDEN
How to protect yourself

We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are. It has information on firms and individuals that are, or have been, regulated by us.

If a firm does not appear on the Register but claims it does, contact our Consumer Helpline on 0800 111 6768.

There are more steps you should take to avoid scams and unauthorised firms.

If you use an unauthorised firm, you won’t have access to the Financial Ombudsman Service(link is external) or Financial Services Compensation Scheme(link is external) (FSCS) so you’re unlikely to get your money back if things go wrong.

If you use an authorised firm, access to the Financial Ombudsman Service and FSCS protection will depend on the investment you are making and the service the firm is providing. If you would like further information about protection, the authorised firm should be able to help.
Report a clone firm

If you think you have been approached by an unauthorised or clone firm, or contacted about a scam, you should contact us. If you were offered, bought or sold shares, you can use our reporting form.
What to do if your firm is cloned

If you think your authorised firm has been cloned or scammers are fraudulently using your name or other details, contact our Firm Helpline on 0300 500 0597.