Minds Subscription: Andrew Johnson and Gr Ie

minds subscription: The latest figures from the FCA suggest that investment scams are becoming increasingly sophisticated, as many of the companies set up by scammers can look very legitimate with professional-looking websites and convincing emails, said Andrew Johnson, advice manager at the Single Financial Guidance Body, according to The Independent. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 Join Independent Minds For exclusive articles, events and an advertising-free read for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent With an Independent Minds subscription for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent Without the ads for just 5.99 6.99 9.99 a month Start your free trial As peak investment scam season approaches at the end of the tax year, the FCA, working with Action Fraud, revealed the most common deception reported to the authorities involve shares and bonds, Forex foreign exchange market and cryptocurrencies. The average loss to fraudsters was 29,000, as they use increasingly complex and convincing techniques including sophisticated use of social media including Facebook and Instagram, as well as emails the Financial Conduct Authority FCA warned this week. For many people, telling the difference between a potential scam and a genuine regulated investment can be really difficult. Truly shocking' At 29,000, the average loss to fraudsters is almost five times the annual amount saved into a typical Isa. The power of technology has led to more sophisticated techniques, meaning that even astute investors could find themselves a victim, said Jane Goodland, corporate affairs director at financial services company Quilter. (news.financializer.com). As reported in the news.