Clone Firms: Checking the FCA Register Before You Invest or Borrow

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About Course

A “clone firm” is a scam that copies the name, address and registration number of a real, authorised financial company. Because the details check out, people trust it. This course explains how clone firms work and the one extra check that catches them: contacting the firm only on the details shown on the FCA’s official register.

Tutwoo is an independent learning provider. This course gives general information for older people and their families, written from published official guidance. It is not legal or financial advice. Rules can change, so check the official websites listed in the course.

© 2026 Tutwoo UK Limited. This course was created in-house by Tutwoo and is our original work. It is for your own learning only: please do not copy, share, record or resell it.

What Will You Learn?

  • Understand what a clone firm is and why it fools people
  • Use the FCA Firm Checker and Warning List properly
  • Spot the warning signs of a cloned investment, savings or loan offer
  • Know who to call and what protection you lose with an unauthorised firm

Course Content

Course Lessons

  • What a clone firm is
  • The checks that catch a clone
  • Protection and what to do if you are caught

Sources & Further Reading
The official guidance this course is based on.

Final Assessment

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