FCA: £197m lost to investment scams in 2018
Average loss £29,000 per person
“Investment scams are becoming more and more sophisticated and fraudsters are using fake credentials to make themselves look legitimate" - FCA's Mark Steward
Investment scams led to £197m of reported losses last year, with victims losing an average £29,000 each, data from the national fraud reporting agency Action Fraud has revealed.
And, according to separate data from the FCA's call centre, the most commonly reported scam during 2018 involved shares and bonds, forex and cryptocurrencies, altogether accounting for 85% of all suspected...
More on Regulation
Advisers can defer CPD this year in 'exceptional circumstances' - FCA
Defer to 2021/2022
Kerry Nelson: More needs to be done to stop scammers and fraudsters
FCA offers response to column
James Chapman: Advisers' most frequently asked Covid-19 questions answered
GABRIEL and furloughing
Back to Top
More news
Talking at home with…. SVM's Colin McLean
Square Mile's series of informal interviews
What does the Carey Pensions judgment mean for SIPPs?
Case analysis and takeaways
Yorkshire advice firm helps town get back on its feet amid pandemic
Return to business packs
Valuation concerns as investors clamour for short-term certainty
Over-valuation in tech, software and consumer staples