Warning: scammers are pretending to be the FSA
Financial industry regulator the Financial Services Authority (FSA) has warned people to watch out for scammers pretending to represent them.
However, scammers are now phoning people pretending to be part of this FSA campaign – known as Operation Bexley – in a bid to access their financial information.
The FSA says it will never call you to ask for your banking or financial details when it is investigating something on your behalf.
Operation Bexley has been set up to alert people on the sucker's list that scammers may try to con them into buying plots of land (known as landbanking) or worthless or non-existent shares.
You can read more about the most common investment scams in this FSA leaflet.
If you are approached by someone with an investment opportunity that sounds too good to be true, you can call the FSA Operation Bexley hotline on 0845 155 6355. Don't hand over any money or your banking details.
- This scam is just a simple confidence trick
- The scams that target the elderly
- Beware the NatWest scam hitting customers