Share (Boiler Room) Scams

Remember: If it sounds too good to be true, it probably is!

It sounds obvious, but if a stranger rings you out of the blue and tries to sell you shares in companies you've probably never even heard of - take great care.

They may be part of a financial scam using hard-sell tactics to persuade you to buy shares.

If you buy them, you may be left with potentially worthless shares.  You may also have no rights to complain or claim compensation from the relevant UK schemes as most of these boiler room scams are based overseas.

Click on the image to access the complete FSA report on this subject

Further reading:

• Recent BBC article disclosing the experiences of five victims of share scams.
• Q&A: Boiler room scams.
• Lothian and Borders Police Press Release

Topical news on this subject and other fraud-related articles can be found under Latest News