Fraud - Warning to shareholders

In recent years, a number of other companies have become aware that their shareholders have received unsolicited phone calls or correspondence concerning investment matters. These are typically from overseas based 'brokers' who target UK shareholders, offering to sell them what often turn out to be worthless or high risk shares in US or UK investments. These operations are commonly known as 'boiler rooms'. These 'brokers' can be very persistent and extremely persuasive. We are not aware of any Aldermore Group investors having been targeted, but we would urge you to remain vigilant.

It is not just the novice investor that has been duped in this way; many of the victims had been successfully investing for several years. 5,000 people contact the Financial Conduct Authority about share fraud each year, with victims losing an average of £20,000

Here is a link to a FCA Share fraud warning leaflet, agreed with the Financial Conduct Authority, telling investors and shareholders what to do if they receive unsolicited approaches, normally by telephone, inviting them to undertake a transaction. 

If you do not know the source of the call, check the details through the FCA website, www.fca.org.uk, and if you have any specific information, report it to the FCA using the Consumer Helpline (0800 111 6768) or the Online Reporting Form at www.fca.org.uk/scams.

If you have any concerns whatsoever, do not take any action and do not part with any money without being certain that 
You fully understand the transaction
You know who you are dealing with and that they are registered with and authorised by the FCA
You have consulted a financial adviser if you have any doubts. Remember, if it sounds too good to be true, it almost certainly is. You run the risk of losing any money you pay out. 

If you are worried that you may already have been a victim of fraud, report the facts immediately using the Action Fraud Helpline.

Action Fraud Helpline 
0300 123 2040
Action Fraud Website
www.actionfraud.police.uk

More information about ‘boiler room’ and other investment-type frauds can also be found at www.fca.org.uk/scams