Millions of people fall victim to scams every year, from experienced investors to people dealing with a large sum for the first time. See how to spot a scam – and what to do if you have been ripped-off.
We take action against fraudsters involved in certain scams, usually involving investments or financial products, but we also explain how to protect yourself from some other common scams.
Remember: if it sounds too good to be true, it probably is!
Investment scams can look and sound believable, with smooth-talking salespeople, slick websites or sophisticated brochures and prospectuses. This can make it hard to tell them apart from genuine investment opportunities. But there are ways to spot and avoid scams.
Follow our seven steps on what to do if you think you have been scammed, are concerned about an investment or have been contacted by fraudsters.
Scams can come in different forms, with most evolving over time to make it even harder to spot the warning signs. They can come from cold-calling criminals or even trusted friends. Find out how to avoid some common scams and what to do if you have been ripped off.
You should only deal with a financial services firm that is authorised by us, and check the Register to ensure it is. Unfortunately there are firms that operate without our authorisation and some knowingly run scams.
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