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FCA posts fresh clone broker warning

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Regulator says fraudsters are using details of authorised firm MEM Insurance Brokers to target people in the UK.

The Financial Conduct Authority (FCA) has issued another warning about a cloned insurance broker.

The regulator said in a statement that unauthorised business Speedy Insurance has been targeting people in the UK claiming to be an authorised firm.

The FCA explained that Speedy Insurance is a clone of authorised Stoke-on-Trent-headquartered broker MEM Insurance Brokers.

Fraud
In a statement, the regulator said: “Fraudsters usually use this tactic when contacting people out of the blue, so you

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