People cold calling with "investment proposals"

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

onefortheroad replied

15 June 2007, 13:00
Thanks guys. I will get creative on how I tell them to not call again when they do so on Monday.
Enjoy the weekend!
Leave a comment:
Gonzo replied

15 June 2007, 11:43
Originally posted by onefortheroad

Anyone else get this sort of thing? While I won't be giving them any money or any details, given their cold call approach - do legit companies actually do this sort of thing in the UK?

cheers

No they don't. It is illegal here.

All companies selling financial services have to be registered with the FSA. You can look the firm up and see what they are allowed to do here
http://www.fsa.gov.uk/register/home.do

Watch out for firms with similar (but not exactly the same) sounding names....

Last edited by Gonzo; 15 June 2007, 11:43. Reason: Bad spelling.
Leave a comment:
King Cnvt replied

15 June 2007, 11:30
Boiler room scam. Not FSA regulated. Barge pole touch not with do.
Leave a comment:
Old Greg replied

15 June 2007, 11:22
Tell them that their call is important to you, but you are current experiencing unusually high call volumes, and you will answe their call as soon as possible. Then put the phone by your side and get on with your day.
Leave a comment:
ChimpMaster replied

15 June 2007, 11:01
Boiler room.
Leave a comment:
onefortheroad started a topic People cold calling with "investment proposals"

15 June 2007, 10:59
People cold calling with "investment proposals"

So I've recently arrived in the UK, and have my CV posted on a couple of job websites. Who knows where this information goes...

For the last four days, I've had a repeat phone call from somebody claiming to have "very privileged information" about a company, and then namedrop all sorts of companies like Mongomery Asset Management, UBS, Fasco etc who are all supposedly guiding this company through to IPO and they are looking for Private Equity investors like myself..

I'm steering well clear obviously and have told them they have zero trust and to not bother calling back - it's certainly not how I make my investment decisions at any rate. But they call every day wondering if i've changed my mind.

Anyone else get this sort of thing? While I won't be giving them any money or any details, given their cold call approach - do legit companies actually do this sort of thing in the UK?

cheers
Tags: None