Share Register Fraud
Warning to Shareholders
We have recently become aware that our shareholders have received unsolicited phone calls or correspondence concerning investment matters. These are typically from overseas based 'brokers' who target UK shareholders, offering to buy Pearson shares at an attractive price.
Similarly, these callers also offer selling shares what often turn out to be worthless or high risk shares in US or UK investments. These operations are commonly known as 'boiler rooms'. These 'brokers' can be very persistent and extremely persuasive, a survey by the Financial Conduct Authority (FCA) has reported that the average amount lost by investors is around £20,000.
It is not just the novice investor that has been duped in this way; many of the victims had been successfully investing for several years. Shareholders are advised to be very wary of any unsolicited advice, offers to buy shares at a discount or offers of free company reports.
If you receive any unsolicited investment advice:
- Make sure you get the correct name of the person and organisation;
- Check on the FCA website that they are properly authorised by the FCA before getting involved;
- Report the matter to the FCA either going to the FCA website or by calling 0800 111 6768;
- Report the matter to Action Fraud by calling 0300 123 2040
- If the calls persist, hang up.
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 the company endorses will be included in company mailings. More detailed information on this or similar activity can be found on the FCA website (see below). Also available is the FCA Warning List (see below) where you can check an investment offered and avoid scams.