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Clone firm investment scams

We're seeing increased activity from fraudsters trying to trick people into making false investments by impersonating genuine financial services firms  - over the phone, email, online and post. Unfortunately, this type of scam - also known as a clone firm investment scam - is on the rise. And these criminals will do all they can to get you to trick you into investing - fast. 

Fidelity will never cold call you offering investment opportunities - such as the fake Fidelity-branded 'Fixed Interest Investment ISA Bond' that came to our attention last year. We do not, and have never, offered this product. 

You can read more about clone firm investment scams in these reports from the FCA and Action Fraud, but if you just want a quick summary, here's their top-line advice:

  • Reject unsolicited investment offers whether made online, on social media or over the phone. Be wary even if you initiated contact.
  • Always check the FCA Register to make sure you’re dealing with an authorised firm and check the FCA Warning List of firms to avoid.
  • Only use the telephone number and email address on the FCA Register, not the contact details the firm gives you and look out for subtle differences.
  • Consider seeking impartial advice before investing.

And if you believe you've been a victim of fraud, you should contact your bank and report it to Action Fraud.

Other financial threats to look out for

Fraudsters are highly committed to their cause. By knowing what they’re up to, you can take steps to protect yourself.

Suspicious emails and phone calls

Learn how to spot a fraudulent email or phone call, so you’re not reeled in.

Investment scams

Be wise. Don’t fall prey to too-good-to-be-true, high-pressure, deadline-driven offers.

Pension fraud

All that glitters isn’t gold. Discover how to dig deeper and protect your pension with our tips.

Financial abuse

Find out more about criminal influence, to ensure you’re in control of your financial purse strings.

Identity theft

Look beyond the disguise. Impersonation can be the first step to someone stealing your assets.