Warning: scammers are pretending to be the FSA
The FSA says it has been told that scammers are impersonating its officials to try and con people.
Financial industry regulator the Financial Services Authority (FSA) has warned people to watch out for scammers pretending to represent them.
The FSA is currently sending out warning letters and emails to over 75,000 people, warning them they are on a so-called ‘sucker’s list’ of potential investment scam targets.
However, scammers are now phoning people pretending to be part of this FSA campaign – known as Operation Bexley – in a bid to access their financial information.
The FSA says it will never call you to ask for your banking or financial details when it is investigating something on your behalf.
Operation Bexley has been set up to alert people on the sucker’s list that scammers may try to con them into buying plots of land (known as landbanking) or worthless or non-existent shares.
If you are approached by someone with an investment opportunity that sounds too good to be true, you can call the FSA Operation Bexley hotline on 0845 155 6355. Don't hand over any money or your banking details.