Financial Advice
Search the site:
Search News
Find an IFA
Enter name, town or postcode
Bank Accounts
Credit Cards
Household Bills
UK Economy

UK Spotlight
News that Gordon Brown met the French president and the European commission on Monday has rather upset the German government who were left out of the talks. The talks were aimed at finding a...
Read More

Disclaimer adheres to the Financial Services and Markets Act 2000. This site contains only factual and readily available public information.

IVA Debt Advice Helpline
Cheap Loans
Home Insurance

Investments News - Last Updated Monday 8th December 2008 Syndicate this
Shareholders warned to be on the lookout for fraudsters by FSA

Monday 8th December 2008

The FSA has today announced the discovery of a database holding 11,000 shareholders personal details which were in the possession of share sales fraudsters working in "boiler rooms". It seems as though the 11,000 shareholders on the database were about to be contacted about potential share transactions which were fraudulent but may have looked attractive to many of the UK population who are in financial trouble. The FSA has warned the UK population to be on the lookout for increased instances of attempted fraud as the current climate is perfect for fraudsters to operate in.

In summary, if a proposition looks too good to be true then it most likely is and if you are not sure potential victims are advised to check the FSA website and take further advice if necessary. The basic advice is clear, do not make any payments for unsolicited offers which appear to be too good to be true. This is the often unseen area of criminal activity with many victims embarrassed to report the fact they have been taken in by such offers resulting in only a tiny percentage ever being reported to the police.

As they say, if in doubt do nothing!

Full Investments News Archive Return to Homepage

Other top stories in this section:
  • Is the British Airways Qantas merger on the rocks already?
  • Can Barack Obama save the day?
  • HSBC breaks the mould with a $5 billion small-business fund
  • Is the HSBC $5 billion fund enough?
  • New Star Asset Management up for sale

  • Financial Advice
    Pension Line
    Think Engine
    Life Insure

    © | Contact Us