Investment scams
Be wise. Don’t fall prey to too-good-to-be-true, high-pressure, deadline-driven offers.
What is an investment scam?
An investment scam is a fake - but extremely appealing and highly convincing - investment opportunity. Fraudsters will impersonate real people from genuine financial services firms over the phone, email, online and post. Known as 'clone firms' they’ll do all they can to get you to invest - fast. You can read more about clone firms here.
The coronavirus outbreak has affected all kinds of companies, including those listed on the stock market. As a result, markets have been volatile and are likely to remain so for a while. It can also lead to an increase in scams, as unscrupulous people try to take advantage of the situation.
Fidelity will never cold call you offering investment opportunities.
Who are Target Professional Services?
We have used Target Professional to trace customers who we do not have up to date information for and have lost contact with. If you have received a letter from Target and wish to update your information, please contact them on 0800 988 1255 where they will confirm your details and inform us.
Spotting and avoiding investment scams
If you think an offer is suspect, stop for a second. Run through this check list. And never give up your bank details or make payments.
Unexpected contact
Unrealistic returns
Flattery and time pressures
Professional
On the list
Common investment scams
Helpful resources
Don’t delay. If you’ve received an email or call from someone posing as Fidelity contact us on 0800 358 7712. Contact your bank immediately if you’ve given out your details or made a payment - there may still be time to do something. Here are some other useful contacts.
Action Fraud
ScamSmart
Take Five
Other threats to watch out for
Fraudsters are highly committed to their cause. By knowing what they’re up to, you can play them at their own game.
