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  • Boiler room scam advice

    Boiler room scam advice

    By: Newsroom Staff on 21 Jan, 2019 11:22

  • ONCE more, we have been advised that some of our shareholders have received unsolicited telephone calls from companies offering to buy shares in Celtic plc on very favourable terms.  

    The calls come from overseas ‘brokers’ who are very persuasive, extremely persistent and often have professional websites and telephone numbers to support their activities. These callers will sometimes imply a connection to Celtic and provide incorrect or misleading information about Celtic.

    This type of call should be treated as an investment scam – the safest thing to do is hang up.

    If you have already been approached you can report this matter to the Financial Conduct Authority (FCA) by completing their share fraud reporting form or by calling them on 0800 111 6768.

    Shareholders should be extremely wary of any unsolicited advice, offers, approaches or other communications regarding their shares and/or personal information.

    The Financial Conduct Authority (FCA) has found most share fraud victims are experienced investors who lose an average of £20,000, with around £200m lost in the UK each year.

    How to avoid share fraud

    - Do not get into a conversation and make sure you get the correct name of the person and organisation contacting you and then end the call.

    - Check the Financial Services Register to see if the person and firm contacting you are properly authorised by the FCA.

    - Beware of fraudsters claiming to be from an authorised firm, copying its website or giving you false contact details.

    - Search the list of unauthorised firms

    You can find further information on how you can avoid being a victim of share fraud at the FCA website

    The FCA have produced useful advice about how to protect yourself from unsolicited communications concerning investment matters 

    Keeping your details safe

    - Keep your Shareholder Reference Number and Investor Centre user name and password safe and secure, in the same way you would for your bank account details and PIN.

    - Do not share your personal shareholder details with any unexpected callers.

    We continue to encourage Celtic shareholders to be vigilant.

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