FCA urges public to help highlight scam attempts

The regulator said reporting suspected investment scams helped it act to protect consumers from fraudulent schemes and stressed the public could play a part in helping catch bogus firms. The FCA's research of more than 1,000 people found, however, that more than one-in-five (22%) of over-55s who believed a fraudster had approached them in the past three years did not tell anyone about it. According to the financial watchdog's research, at 49% of respondents, the most common reason for not reporting a potential scam was not knowing who they should report the approach to. Encouragingly,...