Address
To contact the genuine firm you should call the switchboard number listed on the Register – and contact us if it is not provided. Find out more about the clone firm(s):
Genius Financial Management Ltd
Current Status: No longer authorised
Reference Number: 484794
Website: cloned firm
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000Mg7BFAAZ
A firm with the status "No longer authorised" may have had its authorisation revoked for a variety of reasons, including voluntary cancellation, failure to meet regulatory requirements, non-compliance with rules and regulations, enforcement action, failure to pay fees, or inactivity. It is important to check the FCA register or contact the FCA directly for more information about the firm's specific authorisation status and any related changes.
Reasons for non-compliance may include inadequate systems and controls, weak governance, insufficient staff training, inaccurate disclosures, conflicts of interest, breaches of conduct rules, inadequate client protections, financial crime, data protection breaches, and inadequate capital or liquidity. By establishing and maintaining a strong compliance framework, firms can ensure that their operations are in line with applicable laws, regulations, and standards.
The UK financial services industry has a long history of mis-selling, with several prominent cases involving a variety of financial products and services. Examples include Payment Protection Insurance (PPI) and Interest Rate Hedging Products (IRHP), for which banks have paid billions in compensation to affected customers, as well as endowment mortgages and pension mis-selling. The Financial Conduct Authority (FCA) has taken steps to address these issues through enforcement and remediation, as well as introducing new regulations to improve disclosure and transparency. Despite these efforts, the risk of mis-selling remains a persistent concern that requires ongoing vigilance from both regulators and the industry.
Consumers seeking compensation for mis-selling should contact the firm responsible, pursue the complaint with the Financial Ombudsman Service, and, if necessary, make a claim with the Financial Services Compensation Scheme. It is important to act promptly and be aware of any time limits that may apply to a claim. Professional advice may be necessary in certain circumstances.