The UK Financial Conduct Authority (FCA) has withdrawn the licence of Semantic Business Services Ltd. This means that the entity is no longer allowed to carry out any regulated activities.
Prior to this, Semantic offered two regulated businesses: secondary credit brokerage and consent to conduct regulated activities. However, any investment in Semantic may not be protected and there is no guarantee for the safety of investors’ funds.
Semantic is associated with Sentor Solutions Commercial Ltd
Semantic is linked to Sentor Solutions Commercial Ltd, for which the FCA recently issued a consumer warning. Sentor is suspected of having been conducting unlicensed investment activities, and consumers may have invested significant amounts of money in the platform.
It is understood that consumers may be misled about the scope of Sentor’s license and the protection of their investment. As a result of this connection, the FCA is concerned that Semantic may also be offering unlicensed investment activities to clients, and clients investing in Semantic could lose all their funds. The FCA believes the two companies may be part of a network of credit brokers that offer consumers potentially unprotected investments.
The regulator strongly advises clients to check the information on the FCA register before making any investment-related payments. The FCA also advises clients when considering an investment to check whether they are dealing with an authorised company and whether that company holds an investment licence.
Semantic has never been permitted by the FCA to provide regulated investment services. Any investment offered by the entity could present significant risks to consumers who may lack the regulatory protections they would otherwise receive.
The FCA has tried to reach out to Semantic about their links to several of the companies it has warned about in recent months, but the entity has not responded. Semantic did not disclose the links when it applied to the FCA. The FCA believes that the entity may have or intend to offer unprotected investments to clients, which is a significant risk.
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