FSA contacts 38,000 investors on share scam 'master list'

clock

The FSA has sent out written warnings to 38,000 investors whose details were discovered on a 'master list' used by boiler room fraudsters.

The list contains the names and addresses of 38,242 people the regulator believes to be used by boiler rooms operating in the UK and abroad. People on the list, the FSA believes, could be contacted by fraudsters and offered worthless shares. Targets are largely based in London and the South East, with significant numbers also present in Yorkshire and Lancashire. The FSA is writing to every person on the list alerting them to the potential danger and urging them not to take up these "once in a lifetime chances or investment opportunities". Victims of fraudsters will not have recours...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA's targeted support rules set to take effect from April 2026

FCA's targeted support rules set to take effect from April 2026

Regulator plans to open application gateway for firms in March

Isabel Baxter
clock 11 December 2025 • 5 min read
FCA sets out plans to simplify complaints regime

FCA sets out plans to simplify complaints regime

Including requirement for firms to report complaints involving vulnerable clients

Isabel Baxter
clock 04 December 2025 • 2 min read
FCA looks to boost transparency of ESG ratings providers

FCA looks to boost transparency of ESG ratings providers

Regulator opens consultation

Michael Nelson
clock 01 December 2025 • 2 min read