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Trustnet does not under any circumstances offer cash prizes, investment advice or the opportunity to buy and sell financial products.
If you have found this page because you've received an email, letter, or any other form of communication from Trustnet offering you money, the opportunity to win money, or the opportunity to buy or sell financial products then it is likely that this is the result of an attempt at fraud, where someone is using our logo and website illegally as a means to give credibility to this crime.
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We are aware that a company calling itself Trustnet International and illegally using our logos/trademarks has been involved
in targeting investors with false offers of shares - shares which do not exist - in reputable companies.
A number of people have fallen victim to this scam, and Trustnet users should be aware that we do not offer any transactional
facilities or investment advice, and have no association or affiliation with Trustnet International whatsoever.
Fraud involving false share offers, investment advice and pressurised selling of investments are sometimes referred to as
'boiler room' scams and they are not uncommon.
The Institute of Chartered Secretaries and Administrators Registrars Group (ICSA) issued this warning after a recent
upturn in this type of fraud.
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Warning to Shareholders
Over the last year many companies have become aware that their shareholders have received unsolicited phone calls or correspondence concerning
investment matters.
These are typically from overseas based 'brokers' who target UK shareholders offering to sell them what often turn out to be worthless or
high risk shares in US or UK investments.
They can be very persistent and extremely persuasive and a 2006 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 that they are properly authorised by the FCA before getting involved. You can check at
www.fca.org.uk/register The FCA also maintains on its website a list of unauthorised overseas firms who are targeting, or have targeted,
UK investors and any approach from such organisations should be reported to the FCA so that this list can be kept up to date and
any other appropriate action can be considered. If you deal with an unauthorised firm, you would not be eligible to receive payment under the
Financial Services Compensation Scheme. The FCA can be contacted by completing an online form at
www.fca.org.uk
Inform our compliance department. Contact [Tim Bentley] on [01483 783 929] or email [tim.bentley@financialexpress.net]
Details of any sharedealing 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 www.fca.org.uk/consumers
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Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.
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