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
Sean Kulan: How prepared are solo-regulated firms for SM&CR?
9 December 2019 deadline
Wanda Goldwag appointed to FCA's consumer panel
From 1 March
FCA highlights market abuse risks, with some 'blindingly obvious'
Spotlight on fixed income
Morningstar praises EU regulators for PRIIPs review
Review to complete by year-end
Bosses who play 'fast and loose' with pensions face seven years in prison
Fines of up to £1m
More news
How online 'nudges' are encouraging women to invest
Regular reminders and updates
Sean Kulan: How prepared are solo-regulated firms for SM&CR?
9 December 2019 deadline
Neuberger Berman hires from Morgan Stanley IM for multi-asset role
Joe McDonnell joins as head of portfolio solutions (EMEA)
Why mentoring is key for advisers: 2018 WIFA Award winner Sonia Wheeler
Adviser of the Year - South East
Multi-asset insight: Video interview with James Bateman
Fidelity Multi Asset CIO's outlook
Back to Top