Central Bank of Ireland Warns Against Clone of Adept Investment Management plc

It has come to the attention of the Central Bank of Ireland ('Central Bank') that a firm calling itself Adept Investment Management plc (CLONE) (Ireland) – www.adeptinvestmentmanagement.com, has been operating as an investment firm / investment business firm in the State in the absence of appropriate authorisations.

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This unauthorised firm has cloned the name, address and Central Bank registration number of Adept Investment Management plc which is a Central Bank authorised investment fund.  It should be noted that there is no connection whatsoever between the Central Bank authorised firm and the unauthorised, Adept Investment Management plc (CLONE).

A list of unauthorised firms published to date is available on the Central Bank website.

It is a criminal offence for an unauthorised firm to provide financial services in Ireland that would require an authorisation under the relevant legislation for which the Central Bank is the responsible body for enforcing.  Consumers should be aware, that if they deal with a firm that is not authorised, they are not eligible for compensation from the Investor Compensation Scheme.