Clients of collapsed discretionary fund manager (DFM) Beaufort Securities have been warned of potential scammers asking them to transfer money under the guise of moving their holdings to another broker.
According to the Financial Services Compensation Scheme (FSCS), those approaching the clients have claimed to be representatives of Beaufort Securities itself, PricewaterhouseCoopers (PwC), The Share Centre and other third parties. The potential scammers have contacted former clients and asked them to send over their money so they can move their holdings to the nominated broker. The FSCS said it was also aware of individuals offering to help with the return of clients' accounts. The lifeboat fund has made clear those individuals are not acting on behalf of who they claim to be, and th...
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