Please be aware that there have been reports from shareholders who have received unsolicited telephone calls from fraudulent companies, offering to buy shares often at inflated prices. We would like to remind our shareholders to remain vigilant at all times. Please see the warning below for further information on what you should do if you are contacted in this manner.
Share scams are often run from "boiler rooms" where fraudsters cold-call investors offering them worthless, overpriced or even non-existent shares, or offer to buy their shares in a company at a much higher price than the market value. The "boiler room" scam has developed over recent years and there has been an increase in reports of overseas fraudsters contacting shareholders to sell and buy shares using the names, registration numbers and addresses of authorised firms and individuals in an attempt to convince consumers of their legitimacy. While they promise high returns, those who invest usually end up losing their money.
If you use an unauthorised firm to buy or sell shares or other investments, you will not have access to the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) if things go wrong.
If you have received any unsolicited investment advice or think you may have been contacted in relation to a possible scam either by telephone, by email, or via the post, the matter should be reported to the FCA by calling 0800 111 6768.