Investors save £2m by spotting scam early warning signs

FCA issues warning list to tackle the rising threat of investment scams

Julia Bahr
clock • 3 min read

An increasing number of investors turned against scammers last year, research from the Financial Conduct Authority (FCA) shows.

The regulator today (21 February) said that more than £2m was saved by investors last year, who called the regulator to report various firms and individuals before losing money. The survey also showed that calls to the watchdog about scams had increased 193% in the last five years. Investors said finding mistakes in material (34%) and requests for personal details to secure the opportunity (34%) were the most common ‘tell-tale' signs of a scam. Other warning signs that made investors suspicious included being contacted out of the blue (33%) and being pressured to invest before an ‘off...

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