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Warning – New York Financial Corp and Financial Investment Solutions

We have received reports that two unauthorised overseas firms, New York Financial Corp and Financial Investment Solutions, have been cold-calling consumers in the UK attempting to sell shares in several UK registered companies. The firms claim to be operating from the USA and are not authorised to provide financial services in the UK. They have been promoting shares in UK registered companies called Afterwire PLC, CosmoSeis PLC and Uranium308 Resources PLC.

Who does this affect?

Anyone who has been contacted by New York Financial Corp, Financial Investment Solutions or any other unauthorised broker and offered shares in Afterwire Plc, CosmoSeis Plc or Uranium308 Resources Plc.

What should affected customers do next?

If you have been contacted by either of these firms or anyone else regarding shares in any of these companies we would like to hear from you. You can report these or any unauthorised firms using our online reporting form or by calling our Consumer Contact Centre on 0300 500 5000 (calls should cost no more than 01 or 02 UK-wide calls, and are included in inclusive mobile and landline minutes).

You can also write to us at:
The Financial Services Authority
Enforcement Division (Retail 3)
25 The North Colonnade
Canary Wharf
London
E14 5HS

Further information

We strongly advise you not to deal with unauthorised firms. If you give your money to an unauthorised firm, you will not be eligible for the UK complaint or compensation schemes should anything go wrong.

If anyone calls you out of the blue offering to buy or sell shares, you should take a note of the name of the firm, the name of the company whose shares they are promoting and put the phone down. You should then check our Register of authorised firms to see if they are authorised by us. If they are not, we would like to hear about them.

We have a list of unauthorised overseas firms operating in the UK which we update regularly. You should also be aware that some callers use the names of firms or individuals that appear on our Register to make them appear legitimate. It's unusual for firms to call you out of the blue so if you are in doubt, ask for the caller's contact details and call the firm back using the contact details on our Register to verify their identity.

Disclaimer

News articles on this website are accurate, to the best of our knowledge, only at the date of publication. If the information they contain changes, follow-up articles may be published.