FCA Publishes Warning Against Falcon Financial Solutions and Thestral Financial Services

The Financial Conduct Authority (FCA) has recently published a warning that it has removed permissions from Falcon Financial Solutions Ltd and Thestral Financial Services Ltd. The two firms are no longer permitted to carry out any regulated activities.

Falcon and Thestral are controlled by the same individual, Mr Bhupinder Rehal. Falcon is connected with Cavendish Incorporated Ltd, which the UK regulator has recently issued a consumer warning about, citing that the company appeared to have been carrying out investment activities without permission.

Due to this connection, the FCA is concerned that Falcon and Thestral may also be offering investments to customers. Customers that invest with Falcon and Thestral could lose all their money.

In the past few months, the FCA has published consumer warnings against a number of firms that may have been offering unprotected investments to customers, including: 

• Cavendish Incorporated Ltd 

• Sentor Solutions Commercial Ltd

• Marvell Enterprises Ltd  

• Grosvenor Associates Ltd

• Renaissance Advisory Ltd

The watchdog further explained that these firms were only authorised by the FCA to conduct credit broking activities. Thestral is not authorised by the FCA, but was registered as a Small Payments Institution.