RE: 20% rise today at 11:17, less than £2000 traded19 Nov 2024 16:39
Thanks for submitting your web form to the Financial Conduct Authority (FCA) on 24 January 2024 regarding Supply Me Capital and The Avant Garde Group.
I understand you believe Supply Me Capital is manipulating its own share price. I appreciate this must be concerning for you.
Supply Me Capital
I've completed a search on our Financial Services Register, this is a public register of the firms authorised by us and warning pages for unauthorised firms. Based on the information you've provided, I've been unable to locate a firm called Supply Me Capital, which means they're not authorised by ourselves. If they’re offering you particular products or services (known as regulated activities), they would need our authorisation to do so.
Please be aware that if you deal with a firm who aren’t authorised by the FCA, you wouldn’t have any protection in place from the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS) if something went wrong or if this was a scam. We’ll be unable to provide any assistance in recovering your money from an unauthorised firm.
The Avant Garde Group
I've completed a search on our Financial Services Register and based on the information you've provided, I've been unable to locate a firm called The Avant Garde Group, which means they're not authorised by ourselves. If they’re offering you particular products or services (known as regulated activities), they would need our authorisation to do so.
Our remit
Although we regulate and oversee the UK’s financial industry, there are certain services or products which don’t fall within our regulation. This means firms that perform or offer any unregulated products or services are not subject to our rules, and we have no authority over their business. A firm would only need to be authorised by us, if they’re carry regulated activities which fall under our scope of regulation.
What I’ve done with the information you’ve provided
I’ve today referred the information you’ve provided to the appropriate team for further investigation. If they require any further information from you about this, they’ll ask me to contact you again.
Once again thank you for taking the time to report your concerns to us.