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Jan 27, 2021 · Throughout 2020, consumers reported average losses of £45,242 each on average when investing with fraudsters imitating genuine investment firms. The data has been released as part of the FCA’s...
Jan 27, 2021 · The FCA is issuing a warning to the public as reports of ‘clone firm’ investment scams increased by 29% in April 2020 compared to March, when the UK went into its first lockdown. Action Fraud data reveals consumers reported losses of more than £78 million between January-December 2020.
Sep 17, 2021 · Scammers can create copycat websites and documents that include genuine contact details, firm reference numbers and FCA/FSCS logos. Don't share your details with unverified investment websites. If you're interested in investing with a firm, check its name and investment on the FCA Warning List.
Jul 26, 2024 · But if a firm isn’t on the list, it may still be unauthorised or be a scam. Unauthorised firms often change their names, and we may not be aware of it yet. To use the list, you can: search for an unauthorised firm using the search bar. filter results by the first letter of the firm.
Sep 11, 2024 · The government agency said fake Insolvency Service letters claiming third-party companies had been authorised to help with the recovery of lost investments were being sent out.
"I had lost £40,000." How to avoid scams. The ScamSmart campaign, run by the FCA, has tips to protect yourself from clone investment firms: Reject unsolicited investment offers whether made...
Jan 26, 2022 · Scam alert. Bogus emails are directing potential victims to a fraudulent website that misuses our logo. Find out what a genuine email from Which? contains.
