Clone broker claimed to be from FCA, says Ellis David

A desktop monitor with 'Beware Fraud' on the screen

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Ellis David Insurance Brokers found out that a clone firm was using their trading name after receiving several calls from someone claiming to be from the Financial Conduct Authority (FCA), said Simon Brewster, the firm’s director.

Yesterday (22 October), the FCA issued a warning stating that fraudsters were using the details of the authorised general insurance broker. The London-based broker covers business and personal lines insurance.

The watchdog detailed that the clone company was operating

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