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Dealing with scams

Clients should be extra vigilant if you receive any unexpected communications from third parties about their relationship with your Blacktower financial adviser or the company. If you do receive suspicious instructions, you are advised to check the legitimacy of these. If you believe you have been a victim of fraud, you should report it to the police as soon as possible. The sooner the fraud is reported, the greater the chance of containing or minimizing the damage.

 

Further advice can be found at –

UK – www.fca.org.uk/scamsmart

Gibraltar – https://www.fsc.gi/consumer-guides/fraud

Cyprus – https://www.fma.gv.at/en/the-cyprus-securities-and-exchange-commission-cysec-warns-scammers-are-impersonating-cysec-representatives/

USA – https://www.sec.gov/investor/alerts

Cayman – https://www.cima.ky/know-your-money-dont-be-a-victim-of-fraud

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

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ConfusedIncreasing numbers of British expats in Spain are looking for advice and direction in relation to their Post-Brexit futures, the Guardian reports*, with many expressing their disappointment at the level of communication offered by British and Spanish officials.

This impression is supported by the findings of Karen O’Reilly, a sociology professor at Loughborough University, who recently published the results of an 18-month long research project which documents the considerable levels of “uncertainty and worry” among expats.**

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Once again the NS&I (National Savings and Investments) are about to cut the returns they give to Premium Bond holders.  The returns they give are already poor and to reduce them further is a travesty considering the many loyal supporters Premium Bonds have.

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