Warning to Shareholders
Companies have become increasingly aware that their shareholders have received unsolicited phone calls or correspondence concerning investment matters. These are typically from overseas based 'brokers' who target UK shareholders, trying to sell them what often turn out to be worthless or high risk shares in US or UK investments. These operations are commonly known as 'boiler rooms'.
Shareholders are advised to be wary of any unsolicited advice, offers to buy shares at a discount or offers of free company reports. If you receive any unsolicited investment advice:
Make sure you get the name of the person and organisation;
Check that they are properly authorised by the FSA by visiting www.fsa.gov.uk/register
Report the matter to the FSA either by calling 0845 606 1234 or visiting http://www.fsa.gov.uk/pages/doing/regulated/law/alerts/form.shtml;
Report the matter to Action Fraud by calling 0300 123 2040
If you deal with an unauthorised firm, you will not be eligible to receive payment under the Financial Services Compensation Scheme. The FSA can be contacted by completing an online form at www.fsa.gov.uk/pages/doing/regulated/law/alerts/overseas.shtml
Details of any share dealing facilities that the company endorses will be included in company mailings.
More detailed information on this or similar activity can be found on the FSA website www.moneymadeclear.fsa.gov.uk