Article preview: It can be a dangerous world out there for your personal finances. Scammers and fraudsters are sadly widespread, always looking for their next unsuspecting victim. New figures highlighted by the Financial Conduct Authority (FCA) show nearly £200 million was lost to reported investment scams last year. The average victim lost £29,000 in 2018, with common scams reported involving investments in shares and bonds, foreign currency exchange trading (forex) and cryptocurrencies.
Six warning signs of an investment scam
This 1,018 word blog post explains the scale of investment scams last year, following new data from Action Fraud and the FCA. It shares six warning signs of an investment scam and some tips for protecting yourself when making an investment. Includes comments from personal finance expert Alvin Hall, Mark Steward, Executive Director of Enforcement and Market Oversight, FCA, and Director of Action Fraud, Pauline Smith. Written on 7th February 2019.
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