In recent years, 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 investments. These operations are commonly known as 'boiler rooms'. These 'brokers' can be very persistent and extremely persuasive, and a 2006 survey by the Financial Services Authority (FSA) has reported that the average amount lost by investors is around £20,000.
In the last few days a number of RM shareholders have received unsolicited phone calls by fraudsters holding themselves out as brokers offering to buy shares at a very high price. The fraudsters state they want to buy the shares for a client who is engaged in a hostile takeover. They state that prior to the transaction the shareholder needs to pay for an insurance bond or other form of security which they state is refunded if the sale does not proceed. They also ask for a non-disclosure form to be signed. This is an advanced fee scam. There is no hostile takeover. If you paid the money you will not see it again.
The fraudsters operate under the name Peregrine International Consulting Group.
Do not deal with them. Do not pay them any money. This is a scam. The FSA advise you to hang up if the call persists.
If you receive any unsolicited investment advice:
