Warning to Shareholders
We have recently become aware that our shareholders receive unsolicited phone calls or correspondence concerning investment matters. These are usually from overseas based 'brokers' who target UK shareholders, offering to buy Bloomsbury Publishing Plc shares off them at an attractive price, or offering to sell them typically what turns out to be worthless or high risk shares in US or UK investments. These operations are commonly known as 'boiler room' scams.
Shareholders are advised to be very wary of any unsolicited advice, offers to buy shares at a discount or offers of free company reports.
How to avoid 'boiler room' scams
- Reject unexpected offers
Scammers usually cold call, but you may receive contact by email, post, word of mouth or at a seminar. Endeavour to obtain the correct name of the person and organisation.
- Check the Financial Conduct Authority ("FCA") Website
Use the FCA Warning List to check the risks of a potential investment. You can also search to see if the firm is known to be operating without FCA authorisation.
- Obtain impartial advice
Obtain impartial advice before investing and do not use an adviser from the firm that contacted you.
If you are suspicious, report it
- Report the matter to the FCA either by calling 0800 111 6768 or via the website at www.fca.org.uk/scamsmart
- Report the matter to Action Fraud either by calling 0300 123 2040 or via the website at www.actionfraud.police.uk.
If you deal with an unauthorised firm, you will not be eligible to receive payment under the Financial Services Compensation Scheme.
Details of any share dealing facilities that Bloomsbury endorses will be included in Bloomsbury’s mailings. More detailed information on this or similar activity can be found on the FCA website at www.fca.org.uk, https://www.fca.org.uk/consumers/protect-yourself-scams and www.fca.org.uk/scamsmart.