Are you on the FSA’s sucker list?

May 19th, 2010 10 Comments By Mof Gimmers

idiot 288x300 Are you on the FSAs sucker list?

A sucker, yesterday

The Financial Services Authority (FSA) says that they’ve found the biggest ever list of “suckers”. No, it ain’t the mailing list for Razorlight, but rather, a list of potential targets for share fraudsters.

The FSA are writing to nearly 40,000 people whose names, addresses and telephone numbers appear on the list. It could be you!

Apparently, the people on the list are going to get a warning that their details are being passed around and that they could well be contacted by some hoodwinkers. This info is bought and sold by “boiler rooms”, teams of bogus dealers who try to sell worthless shares.

“The greatest concentrations of targets are based largely in London and the South East, but there are significant numbers present in Yorkshire and Lancashire too,” say the FSA to the Beeb.

The FSA says that UK investors lose hundreds of millions of pounds a year to boiler rooms, with the average loss per investor sitting at around £20,000. “We had several hundred callers last year saying they were victims of boiler room scams,” said Jonathan Phelan of the FSA. “A proper FSA authorised firm should not be cold-calling you – you should not get a call out of the blue. The advice is hang up on them,” Mr Phelan added.

In a vaguely exciting turn, the FSA’s mass mailout is being called “Operation Domingo”, which will seek to give advice to those who have been duped. If you suspect you’ve been had, or indeed, merely been contacted by a boiler room, then you can ring the FSA helpline on 0845 606 1234 or check for more information on the FSA’s website.

Things to look out for are someone calling to offer you shares out of the blue. If they keep ringing you, keep hanging up on them (or maybe talk to them in confusing, babbling nonsensespeak until they give up on you). If you’re really vigilant, you can check the FSA register to see if the person selling shares is authorised to do so. If you’re suss, report any company that cold calls you to the FSA or the police.

Comments (10) Jump to most recent comment
  1. They should just sterilise those 40K people for the good of the gene pool.

  2. Posted by Jizzlingtons May 19, 2010 at 12:58 pm

    Exactly, if you’re stupid enough to buy shares from some twat that rings you up out of the blue then you deserve all you get.

  3. Posted by Nobby May 19, 2010 at 1:06 pm

    The FSA have missed a trick here. They should be selling that information to the suckers, not giving it away free.

  4. I think they should sterilise people who read stories and don’t understand them for the good of the gene.

    They never said the 40k had been suckered, they just said that the boiler rooms had their info and they were at risk.

    People’s contact details are acquired and sold all the time by mailing lists, bit harsh to sterilise them when they haven’t, and may never, do anything stupid

  5. Posted by iPadsaremylife May 19, 2010 at 2:02 pm

    I think they should sterilise cunts that want to give away free gadgets.

  6. Posted by One of those BMW/Audi driving tossers May 19, 2010 at 2:08 pm

    “The greatest concentrations of targets are based largely in London and the South East”

    That’s becasue southerners are thick as fuc*k

  7. Posted by One of those BMW/Audi driving tossers May 19, 2010 at 2:09 pm

    And I also think that those from London and the South East, should be sterilised, it’ll stop in-breeding anyway.

  8. Posted by graham December 6, 2010 at 8:53 am

    in response to the bmw twat there is no point targeting northeners as 90% of the stupid twats dont work as they cant fill out an application form.. and besides were considerably richer than you lot :D

  9. Posted by Shepherd July 17, 2011 at 12:39 pm

    in response to the BMW tosser, i have liked most northerners I have met. Glad I have never met you, you are a cunt,

  10. Posted by Sammy B June 12, 2012 at 11:30 am

    Fatal exception – idiot. BMW tosser – idiot.

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