FCA: £197m lost to investment scams in 2018

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 investment scams reported last year. The Financial Conduct Authority (FCA) said the profile of investment scams is changing as more and more people are being targeted online, moving away from the traditional cold call. Fraudsters are now contacting people through emails, professional looking websites and social media channels, such as Facebook and Instagram. "These statistics show t...