Victims lose average of £45,000 in investment scams
Lockdown led to a surge in reports of fraudsters imitating genuine investment firms, regulator says. …
Mark Steward, executive director of enforcement and market oversight at the FCA, said: “Fraudsters use literature and websites that mirror those of legitimate firms, as well as encouraging investors to check the firm reference number (FRN) on the FCA Register to sound as convincing as possible.”
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