FCA launches ScamSmart campaign to protect investors against fraudsters

15th October 2014

The Financial Conduct Authority (FCA) has launched a campaign to help protect investors against investment scams that appear genuine.

The ScamSmart campaign, launched today, warns investors to watch out for fraudsters who appear financially knowledgeable, articulate and have credible looking websites.

The regulator advises investors to:

• Reject cold calls;

• Check the FCA Warning list; and

• Get impartial advice.

FSCS protection is available only to customers of financial services firms that are authorised by the FCA or PRA. We can pay compensation if an authorised firm is unable, or likely to be unable, to pay claims against it.

Find out more about how to avoid investment scams on the FCA’s website or use the tool below to check their warning list.
 

 

Jargon Buster

  • Authorised firm

    a company, unincorporated body, partnership or individual permitted to carry out a regulated activity by the FCA or the PRA. This term includes a mutual (unincorporated) organisation, for example a friendly society.
  • FCA

    The Financial Conduct Authority is the UK's regulator for the financial services industry. 

  • Investment

    a financial product in which money can be invested to earn interest or profit (although the value of investments can go down as well as up).