Unsolicited Investment Advice
Shareholders are advised to be very wary of any unsolicited investment advice, offers to buy shares at a discount or offers of free company reports. Phone calls or correspondence are typically from overseas based ‘brokers’ who target shareholders, offering to sell what often turn out to be worthless or high risk shares. If you receive any unsolicited investment advice:
- make sure you get the name of the person and organization;
- check that they are properly authorized (for example, in the UK by the Financial Conduct Authority (“FCA”)) before getting involved. A list of UK regulated firms can be found here;
- report the matter to the appropriate authority (for example, in the UK to the FCA by completing their online form); and
- if unsolicited calls persist, hang up.
The FCA also maintains on its website a list of unauthorized overseas firms who target, or have targeted, UK investors. Please click here to access.
UK investors that deal with an unauthorized firm will not be eligible to receive payment under the Financial Services Compensation Scheme.
Details of any share dealing facilities that the Company endorses will be included in Company mailings.
More detailed information on this or similar activity can be found here on the FCA website.