Michael John Rice

Reference number: 711711

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Authorisation being cancelled

Michael John Rice has asked the FCA to cancel their authorisation. It is still in force until the FCA processes the application, so existing business keeps its protection, but their regulated work is winding down.

Identity

Check their details

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

Also trades as
  • MJR Financial Services

Check on the FCA register → Report a scam →

Activities and protection

What they can do, and how you are protected

  • Give regulated advice FSCS may apply
    A claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
  • Manage or trade investments FSCS may apply
    Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.

    Check your FSCS cover →

  • Lend or arrange credit No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
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  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Advising on Pension Transfers and Pension Opt Outs
  • Arranging (bringing about) deals in investments
  • Credit Broking
  • Debt-counselling
  • Making arrangements with a view to transactions in investments
  • Providing Credit Information Services

Complaints: You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Track record

FCA actions and complaints

No FCA disciplinary action, and no complaints recorded with the Ombudsman.

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Common questions

Frequently asked questions

Is Michael John Rice FCA authorised?
Michael John Rice (FRN 711711) is on the FCA register, but its authorisation is changing (authorisation being cancelled). Check the register before dealing with it.
Is my money safe with Michael John Rice?
It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Michael John Rice to the Financial Ombudsman Service, free of charge.
Is Michael John Rice a scam or clone?
Michael John Rice is a genuine FCA-listed firm. However, scammers sometimes clone authorised firms. Always check that the contact details you were given match those on the FCA register before sending money or sharing information.
What is Michael John Rice's Firm Reference Number (FRN)?
Michael John Rice's FRN is 711711. You can verify it on the FCA register.