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ALERT: Beware of Alan Kirkhope Group - A Fake Broker Warned by FCA

2023-07-24 BrokersView

The Alan Kirkhope Group claims to be a leading international financial company engaged in investment activities, ranging from investments banking, stock broking, fund escrow services, forex, Gold, cryptocurrencies and ETFs. However, we have discovered that this entity lacks the necessary authorization and global licenses to carry out such operations, raising serious concerns about its legitimacy.

 

False Regulation Statement

 

On its website, The Alan Kirkhope Group deceptively presents itself as regulated by the US Securities and Exchange Commission(SEC) without providing a license number. 

The SEC is a well-known regulator that oversees and regulates the U.S. securities industry. However, The Alan Kirkhope Group provides services that include forex trading without being licensed by a forex regulator. We could not find compliance information for this company at NFA.

While its certificate of registration shows that it was issued by ASIC, with registration number 163701885 and it claims to be regulated by the Investment Industry Regulatory Organization of Canada (IIROC), again, we did not find any matching information about this broker in these regulatory bodies.

 

A Suspicious Website

 

Further investigation reveals that the website of The Alan Kirkhope Group, (https://alanKirkhopegroup.com/), was first registered in February, 2023.What's more concerning is that the domain is set to expire next February, suggesting that the company may create a new website every 6 to 12 months, potentially to perpetrate their fraudulent activities under different identities.

 

Besides, the number of transactions and active accounts shown on its website seem exaggerated and implausible. And it boasts on its website that it has the ability to make quick withdrawals and high reliability, and that it promises the highest returns to investors, which are just not credible wordings.

 


FCA's Warning

 

On July 19, 2023, just a few days ago, the Financial Conduct Authority (FCA) issued a warning against ALAN KIRKHOPE GROUP, indicating this broker has not obtained the necessary authorization to provide investment services and activities. Should users invest their funds via this firm, there is a high risk of losing their money with little chance of recovery in case of any wrong things.

 

In addition, the FCA has specifically warned that even though some companies have contact emails and addresses on their websites, they may change them later, always leaving you to take them to be real.


Conclusion

 

Based on the evidence presented above, we strongly advise the public to stay away from The Alan Kirkhope Group. The absence of legitimate licensing and the warning issued by FCA are clear indicators that this entity is operating as a scam. 

 

Remember, staying informed is crucial in safeguarding your assets. Always verify the certificates of any financial service provider and be vigilant against potential scams.

 

If you encounter suspicious entities or have any concerns, report them to the appropriate financial regulatory authorities immediately or contact us at service@brokersview.com.

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