LoginFCA cracks down on investment scams
The Financial Conduct Authority has released new data on consumer investment scams
Posted 03 March 2022 | JoTS Online
Content Tags: Updates|Crime|National
UPDATES: FCA data shows investment scam enquiries rose sharply in 2021, with cryptoassets, boiler rooms and recovery room fraud prominent, as the regulator promotes ScamSmart and InvestSmart and steps up action against unauthorised and high-risk firms.
The Financial Conduct Authority (FCA) says it is taking “assertive action” against investment scams and has published data about the scale of the problem.
According to the data, between April and September 2021, the FCA received 16,400 enquiries about investment scams – an increase of almost a third on the previous year. The most commonly reported issues centred on cryptoassets, boiler ro...
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