FCA warns of broker clone

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Fraudsters are using the details of authorised Wolverhampton-based motor broker Car Insurance 4 u, according to a warning from the Financial Conduct Authority (FCA).

The regulator said that fraudsters use this tactic to try to convince people that they work for a genuine, authorised firm.

The FCA stated: “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

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