FCA urges public to help highlight investment scam attempts

4,000 firms on 'Warning List'

The Financial Conduct Authority (FCA) has launched a campaign encouraging people to get in touch if they believe they have been contacted about a potential scam or fraudulent investment.

The regulator said reporting suspected investment scams helped it act to protect consumers from fraudulent schemes and stressed the public could play a part in helping catch bogus firms. FCA reveals five common tactics used by investment scammers The FCA's research of more than 1,000 people found, however, that more than one-in-five (22%) of over-55s who believed a fraudster had approached them in the past three years did not tell anyone about it. According to the financial watchdog's research, at 49% of respondents, the most common reason for not reporting a potential scam was not...