Wealth Wave Profit (new)
Severity: Medium · Kind: Alert
What to do
Do not send money to Wealth Wave Profit or any firm not listed on the FCA Register. Check the FCA's Warning List at register.fca.org.uk before dealing with any financial firm. If you've already sent money, report it to your bank and the FCA immediately at fca.org.uk/scams.
What it is
The Financial Conduct Authority (FCA) has issued a warning about Wealth Wave Profit, an unauthorized financial firm operating without FCA permission. The firm claims to offer investment or financial services but is not regulated, meaning you have no legal protection if something goes wrong. If you invest money and the firm disappears or commits fraud, you cannot claim compensation through the Financial Ombudsman Service or the Financial Services Compensation Scheme.
Who this affects
UK residents considering investments or financial products, particularly those approached by Wealth Wave Profit via email (support@wealthwaveprofit.com) or their website (www.wealthwaveprofit.com). Small-business owners managing company finances are also at risk.
From the source
Unauthorized This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams. Almost all firms and individuals must be authorised or registered by us to carry out or promote financial services in the UK. This firm is not authorised by us and may be targeting people in the UK. Search our Warning List for other unauthorised firms and individuals we're aware of. Unauthorised firm details Name: Wealth Wave Profit Email: support@wealthwaveprofit.com Website: www.wealthwaveprofit.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine. What this means for you If you deal with this firm, you won't have access to the Financial Ombudsman Service if you want to complain. You also won't be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it's unlikely you'd get your money back if the firm goes out of business. If you sent money to a fraudster on or after 7 October 2024, you may be covered by protections introduced by the Payment Systems Regulator (PSR). Find out what to do if you've been tricked into making a payment to a scam account. How to protect yourself You should only deal with financial firms that are authorised by us. If a fina
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