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AGM Group (clone of FCA appointed representative firm)

AGM Group (clone of FCA appointed representative firm) - Waarschuwing FCA UK - 2019-Jun-10

AGM Invest / AGM Group (clone of FCA appointed representative firm)
Warnings Published: 10/06/2019 Last updated: 10/06/2019
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. An appointed representative can act on behalf of another firm (its principal) that is authorised in the UK or regulated in another EEA country. The principal is responsible for the appointed representative's activities. This firm is not authorised or registered by us but has been targeting people in the UK, falsely claiming to be an appointed representative 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 appointed representative 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:

AGM Invest / AGM Group (clone of FCA appointed representative firm)
Address: Swaffham, Norfolk

Telephone: 0121 623 7892



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

FCA appointed representative firm details
This FCA appointed representative firm that fraudsters are claiming to work for has no association with the ‘clone firm’. It can act on behalf of its FCA authorised principal firm and its correct details are:

Firm Name: AGM Financial Services Ltd

Firm Reference Number: 790622

Address: 1 Marschal Court, Stirling, Stirlingshire, FK7 7UY

Telephone: 07724 749 150



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.

You should also be aware that if you give money to an unauthorised firm, you will not be covered by the Financial Ombudsman Service (link is external) or Financial Services Compensation Scheme (link is external) (FSCS) if things go wrong.

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.

2019-06-14, Public warning by IFSC Belize against AGM-Invest Ltd.:




The International Financial Services Commission of Belize ("IFSC") issues warnings about
dealing with named persons, whether these are individuals or companies, to alert the public and
the financial services sector that, where such persons offer international financial services as
defined in the Schedule of the International Financial Services Commission Act, Chapter 272 of
the Laws of Belize, Revised Edition 2011 ( the "IFSC Act"), from the address listed below, they
may be operating in breach of the IFSC Act and/or other laws of Belize.

AGM-INVEST LTD. is not licensed under the IFSC Act to provide, carry on, transact, or hold
itself out as providing, carrying on, or transacting any of the international financial services as
set out in the Schedule of the IFSC Act in or from within Belize. Members of the public who
transact business with these individuals and/or entities, do so at their own risk.


Name of Individual/Entity
AGM-Invest Ltd.

Swaffham Norfolk UK.

Other Information
Telephone No: +44 121 623 7892


AGM-Invest Ltd. is not affiliated and has no relationship with AGM Group Ltd., which has been
duly authorised under the IFSC Act to offer Trading in Foreign Exchange Services. The correct
details of the duly authorised Company are as follows:

Name of Individual/Entity
AGM Group Ltd.

No. 5 Cork Street,
P. O. Box 1708,
Licence No: IFSC/60/448/FX/18

Other Information
Website: or

The promoters and/or owners of AGM-Invest Ltd. are therefore directed to cease and desist from
engaging in the said unlicensed activities, which constitute an offence under the Laws of Belize.
The public is invited to contact the International Financial Services Commission with any
other available information.

International Financial Services Commission of Belize

14th June 2019