It has come to our attention that some Falkland Island Holdings shareholders have recently been targeted by 'specialist brokers' using high pressure telephone selling techniques to induce people to make "investments" which are often worthless, and or fraudulent. They may also offer to buy shares at an inflated price in return for an up front payment. When high profits are promised, if you buy or sell shares it is probable that you will lose your money. This practice is commonly known as a 'boiler room scam'.
The callers can be extremely persistent and persuasive and a recent survey by the Financial Conduct Authority (FCA) showed that even experienced investors had been duped in this way and investors had lost an average of £20,000. You should therefore be very wary of these practices.
Here are some useful tips to help you:
Report a scam
If you are approached by fraudsters, please tell the FCA using the share fraud reporting form at www.fca.org.uk, where you can find out more about investment scams. You can also call the FCA Consumer Helpline on 0800 111 6768.