In recent years, many companies have become aware that their shareholders or potential shareholders have received unsolicited phone calls or correspondence concerning investment matters. These are typically form overseas based ‘brokers’ who target UK shareholders, offering what often turn out to be worthless or high risk shares in UK investments. These operations are commonly known as ‘boiler rooms. These ‘brokers’ can be very persistent and extremely persuasive.
A number of investors have reported that they have been contacted by hoax brokers offering to sell Acacia Mining plc shares at a discount to market price.
Investors are advised to be very wary of unsolicited advice, offers to sell shares at a discount or buy at a premium, or offers of free company reports. If you receive any unsolicited investment advice, FCA advice for UK investors is to check that the brokers are properly authorised by the FCA, by visiting www.fsa.gov.uk/register/home.do and contact the firm using the details on the register (NOT the details provided by the unsolicited caller). To report the matter to the FCA please call +44 800 111 6768 or visit www.fca.gov.uk/consumers.
If you believe you have been contacted by a potential hoax broker, the City of London police request that you report the details to Action Fraud on 0300 123 2040.