Recently within the market a number of companies have been contacted by shareholders who have received unsolicited phone calls or correspondence concerning investment matters. While some communications may be genuine, others may be an example of a ‘boiler room fraud’ specifically designed to elicit monies from investors by convincing them to buy overpriced, un-tradable or non-existent shares. Further information on the operation of boiler room frauds is available on the FCA website.
The FCA provides a list of regulated firms that must adhere to certain standards through which it is recommended to deal. These firms are covered by the Financial Ombudsman Service complaints procedure and may provide access to compensation schemes.
If you choose to deal with an unregistered firm then you won’t have access to these procedures.
Visit the FCA website to access the register of regulated firms and their agents.
To reduce the potential risk of fraud happening to you, please consider the following:
For further help you may contact Computershare Investor Services.
Tel: 0870 707 1340
To contact the Registrars visit Computershare Investor Services
To report Fraud and Internet Crime you can also contact: www.actionfraud.police.uk
For further information please refer to the FCA guidance at www.fca.org.uk