Just the usual tale of a bureaucracy being all efficient and useful:
The City watchdog has issued a warning to consumers after scammers cloned the industry register which is supposed to protect them from rogue firms.
The Financial Conduct Authority’s register, a database, exists to help consumers spot unregulated advisers and scam financial firms.
However, the FCA said it has been cloned, likely by financial scammers looking to dupe consumers into believing scam firms are legitimate. The fake register remains online at www.register-fca.org but the FCA said it was working to remove the website. When questioned, the regulator did not say when it first became aware of the issue.
Mark Taber, a financial campaigner, questioned why the watchdog had not bought this and similar websites domains itself. He said these domains could be purchased for as little as 99p and that this would have prevented third parties from doing so….