Warning to shareholders

As investment fraud becomes ever more sophisticated the challenge to keep shareholders aware of the risks becomes increasingly important. As part of their ongoing campaign to raise awareness the FCA have recently launched “Be ScamSmart” which is specifically targeted at the tell-tale signs of a scam.

We have become aware that shareholders have received unsolicited phone calls regarding different investment matters which have implied a connection with Ophir. These calls are typically from people claiming to be brokers, offering shares in US or UK investment schemes. Callers can be very persuasive and sound very believable, offering to sell shares for high returns or to buy shares at inflated prices for upfront payment.

How to avoid share fraud

Reject cold calls 
If you’ve been cold called with an offer to buy or sell shares, chances are it’s a high risk investment or a scam. You should treat the call with extreme caution. The safest thing to do is to hang up.

Check the firm on the FS register at www.fca.org.uk/register
The Financial Services Register is a public record of all the firms and individuals in the financial services industry that are regulated by the FCA.

Get impartial advice
Think about getting impartial financial advice before you hand over any money. Seek advice from someone unconnected to the firm that has approached you.

Report a scam

If you suspect that you have been approached by fraudsters please tell the FCA using the share fraud reporting form at www.fca.org.uk/scams, where you can find out more about investment scams. You can also call the FCA Consumer Helpline on 0800 111 6768. If you have lost money to investment fraud, you should report it to Action Fraud on 0300 123 2040 or online at www.actionfraud.police.uk. Find out more at www.fca.org.uk/scamsmart.