The Financial Conduct Authority (FCA) has issued a warning regarding Crestwood Corporate Group LLP, stating that the firm may be providing or promoting financial services or products in the United Kingdom without FCA permission. According to the regulator, Crestwood Corporate Group LLP is not authorised by the FCA and may be targeting people in the UK.
The firm is identified by the FCA with the following details: Crestwood Corporate Group LLP, located at 777 Third Avenue, New York, NY, United States of America, 10017. The contact information listed includes telephone number +15183380132, email address [email protected], and website www.crestwoodcorporategrp.com.
Regulatory status and consumer protections
The FCA emphasises that Crestwood Corporate Group LLP does not hold FCA authorisation. As a result, any financial services or products it offers in relation to UK consumers would be outside the scope of FCA regulation. The warning highlights that individuals who choose to deal with this firm will not have access to key UK regulatory protections.
Specifically, consumers will not be able to refer complaints about Crestwood Corporate Group LLP to the Financial Ombudsman Service. In addition, they will not be covered by the Financial Services Compensation Scheme (FSCS) if things go wrong, meaning they may not be able to recover losses through these statutory mechanisms.
FCA guidance for consumers
The FCA advises consumers to engage only with financial firms that are authorised by the FCA when obtaining financial services or products in the UK. The regulator recommends that individuals use the FCA Firm Checker to verify whether a firm is authorised before entering into any financial arrangements.
This warning forms part of the FCA's ongoing efforts to alert the public to firms that may be operating without the necessary permissions. The notice underscores the importance for consumers of confirming a firm's regulatory status to ensure they benefit from the safeguards provided by the UK financial regulatory framework.
