Shareholders should be wary of any unsolicited investment advice and offers to buy shares at a discounted price. These fraudsters use persuasive and high-pressure tactics to lure shareholders into scams
The Financial Conduct Authority (FCA) has found that victims of share fraud are often seasoned investors with victims losing an average of £20,000, resulting in total losses annually of around £200m.
Please keep in mind that firms authorised by the FCA are unlikely to contact you out of the blue with an offer to buy or sell shares. You should consider getting independent financial or professional advice before you hand over any money.
If you suspect you have been approached by fraudsters, please contact the FCA using the share fraud reporting form available at www.fca.org.uk/scams.
You can also report suspected share fraud through the FCA Helpline on 0800 111 6768 or through Action Fraud on 0300 123 2040.
Alternatively, please contact Equiniti on 0371 384 2055 (in the UK) or +44 121 415 7004 (from overseas). Lines are open 8:30am to 5:30pm UK time, Monday to Friday, excluding public holidays in England and Wales.