FCA: £197m lost to investment scams in 2018
Average loss £29,000 per person
“Investment scams are becoming more and more sophisticated and fraudsters are using fake credentials to make themselves look legitimate" - FCA's Mark Steward
Investment scams led to £197m of reported losses last year, with victims losing an average £29,000 each, data from the national fraud reporting agency Action Fraud has revealed.
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...
More on Regulation
TPR's use of frontline powers jumps by 32%, but four targets missed
'We have better oversight'
The FCA and PFS duel over DB data
'No context'
FCA: Woodford affair highlights need for post-Brexit regulatory shake-up
'Following the letter, but not the spirit, of the rules'
Alan Shearer legal battle firm among five advisers declared in default
Declared by FSCS
Unauthorised firm ordered to pay back customers after raising £15m
Investors to lose £2.7m
More news
TPR's use of frontline powers jumps by 32%, but four targets missed
'We have better oversight'
How the Apollo 11 crew obtained their life insurance
50th anniversary of moon landing
The FCA and PFS duel over DB data
'No context'
William Burrows: Is retirement advice art or science?
Technical and behavioural factors
Andy Evans: Lessons in investing from England's Cricket World Cup victory
The Value Perspective
Back to Top