FCA launches ScamSmart campaign to protect investors against fraudsters

Thursday 16 Oct 2014 @ 13:20
FSCS

The Financial Conduct Authority (FCA) has launched a campaign to help protect investors against investment scams that appear genuine.

The ScamSmart campaign, launched yesterday, warns investors to watch out for fraudsters who appear financially knowledgeable, articulate and have credible looking websites.

The regulator advises investors to:

• Reject cold calls;

• Check the FCA Warning list; and

• Get independent advice.

FSCS protection is available only to customers of financial services firms that are authorised by the FCA or PRA. We can pay compensation if an authorised firm is unable, or likely to be unable, to pay claims against it.

Find out more about how to avoid investment scams on the FCA’s website or use the tool below to check their warning list.

Channel website: https://www.fscs.org.uk/

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