Unsolicited calls to shareholders

Many companies have become aware that their shareholders have received unsolicited telephone calls or correspondence concerning investment matters. These are typically from overseas ‘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. They can be very persistent and extremely persuasive, targeting both novice and experienced investors.

Shareholders should be wary of 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 obtain the correct name of the person and their organisation.
• Check that they are authorised by the FSA before dealing. You can check at www.fsa.gov.uk/register/home.do.
• The FSA also maintains on its website a list of unauthorised overseas firms who are targeting, or have targeted, UK investors and any approach from such organisations should be reported to the FSA. If you deal with an unauthorised firm, you would not be eligible to receive payment under the Financial Services Compensation Scheme. The FSA can be contacted by completing an on-line reporting form at www.fsa.gov.uk/Pages/Doing/Regulated/Law/Alerts/form.shtml
• Inform our Registrars on 0870 707 1327.