The British Financial Conduct Authority has warned that Federal Financial Regulatory Board (FFRB) is not a real financial regulator.
FFRB claims to be based in the United States and to be mandated to regulate mergers and acquisitions. But the FCA has noted that boiler room scams often refer to the Federal Financial Regulatory Board too.
In any case the FFRB is a fake regulatory body, it has nothing to do with real financial supervision, it was created by scammers. The US Securities and Exchange Commission has also warned about it.