FSA holds international boiler room summit

UK consumers lose around £300m each year through the scams, and the FSA hopes greater international cooperation can reduce the risks to the public. The conference, taking place today and tomorrow at Merchant Taylors’ Hall in London, brings together representatives from almost 20 countries, including the US, Spain and Germany, to formulate a global response to the problem. Speaking at today’s conference, Margaret Cole, director of enforcement at the FSA, says: “The FSA’s investigations into boiler room activity are showing us just how international the crime is. “A firm might be operati...