FCA launches investment fraud awareness campaign

The Financial Conduct Authority (FCA) said many people, especially the elderly, were being targeted by scammers using tactics such as boiler room tactics, for products which often do not exist, including land-banking schemes, carbon credits and rare earth metals. The regulator is using funds recovered from the proceeds of crime to fund the campaign. Chief executive Martin Wheatley said: ”Those operating investment scams use very sophisticated techniques to build trust and can dupe even experienced investors out of their savings. With large numbers of people at risk, it’s important to...