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The Financial Services Authority (FSA) is asking consumers who bought shares from Apex Equities or Great British Investors to get in touch as they may now be able to get some of their money back.
Both companies were involved in boiler room scams. Boiler rooms scams involve cold-calling investors to sell them untradeable, overpriced or non-existent shares, usually at an inflated price.
The FSA has recovered some of the funds in this share fraud scheme and can now make payouts.
What action should investors take?
If you have invested money through either Apex Equities or Great British Investors, you have until 30 March 2011 to contact the FSA. Investors who have been in touch with the FSA about this within the last year need take no further action.
If you bought shares through Apex Equities or Great British Investors (and you have not already contacted the FSA about this within the last year), you should contact the FSA, either through its helpline on 0845 606 1234 or by email
Both companies were involved in boiler room scams. Boiler rooms scams involve cold-calling investors to sell them untradeable, overpriced or non-existent shares, usually at an inflated price.
The FSA has recovered some of the funds in this share fraud scheme and can now make payouts.
What action should investors take?
If you have invested money through either Apex Equities or Great British Investors, you have until 30 March 2011 to contact the FSA. Investors who have been in touch with the FSA about this within the last year need take no further action.
If you bought shares through Apex Equities or Great British Investors (and you have not already contacted the FSA about this within the last year), you should contact the FSA, either through its helpline on 0845 606 1234 or by email
