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Share scam alert

In recent years,many companies have become aware that their shareholders have received unsolicited phone calls or correspondence concerning investment
matters. These are typically from overseas based ‘brokers’ who target UK shareholders, offering to sell them what often turn out to be worthless or high risk
shares in US or UK investments.These operations are commonly known as ‘boiler rooms’. These ‘brokers’ can be very persistent and extremely persuasive, and a 2006 survey by the Financial Services Authority (FSA) reported that the average amount lost by investors was around £20,000.

It is not just the novice investor that has been duped in this way; many of the victims had been successfully investing for several years. Shareholders are advised to be very wary of any unsolicited advice, offers to buy shares at a discount or offers of free company reports. If you receive any unsolicited investment advice:

  • Make sure you get the correct name of the person and organisation
  • Check that they are properly authorised by the FSA before getting involved by visiting www.fsa.gov.uk/register/
  • Report the matter to the FSA either by calling 0300 500 5000 or visiting www.moneymadeclear.fsa.gov.uk
  • If the calls persist, hang up.

If you deal with an unauthorised firm, you will not be eligible to receive payment under the Financial Services Compensation Scheme. The FSA can be
contacted by completing an online form.

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 on the FSA website.

Share price

LSE
1,401p
-3.00

21 May 2012 04:35 pm BST
NYSE
44.48
0.30

21 May 2012 04:01 pm EDT
London Stock Exchange price updated every 15 minutes. Provided by Investis Limited.