Financial Scams: We Are Easy Targets
Published / Last Updated on 18/05/2009
Financial Scams: We Are Easy Targets
The Office of Fair Trading (OFT) has suggested that people who have some knowledge of the investment market are more likely to be scammed by ‘boiler room’ share scams that those that do not.
Their research suggests that people who fall foul "often have better than average background knowledge".
In its report it suggests that over 20% of the population have enough knowledge to be hoodwinked that the scam is genuine and millions have been defrauded.
The advice from us is simple, only deal with a registered and legitimate financial adviser such as us.
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