Warning to shareholders

SHARE FRAUD WARNING

Share fraud includes where investors are called out of the blue and offered shares that often turn out to be worthless or non-existent, or an inflated price for shares they own. These calls come from fraudsters in ’boiler rooms’ that are mostly based abroad.

While high profits are promised, those who buy or sell shares in this way usually lose their money.

The Financial Services Authority (FSA) has found most share fraud victims are experienced investors who lose an average of £20,000, with around £200m lost in the UK each year. Note that on 1 April 2013, the FSA was replaced by the Financial Conduct Authority (FCA).

PROTECT YOURSELF - If you are offered unsolicited investment advice, discounted shares, a premium price for shares you own, or free company or research reports, you should take these steps before handing over any money:

1.              Get the name of the person and organisation contacting you.

2.              Check the FCA Register at http://fsa.gov.uk to ensure they are authorised.

3.              Use the details on the FCA Register to contact the firm.

4.              Call the FCA Consumer Helpline on 0800 111 6768 if there are no contact details on the Register or you are told they are out of date.

5.              Search the FCA’s list of unauthorised firms and individuals to avoid doing business with.

6.              REMEMBER: if it sounds too god to be true, it probably is!

 

If you use an unauthorised firm to buy or sell shares or other investments, you will not have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS) if things go wrong.

REPORT A SCAM - If you are approached about a share scam you should tell the FCA using the share fraud reporting form at http://fca.org.uk, where you can find out about the latest investment scams. You can also call the FCA Consumer Helpline on 0800 111 6768.

If you have already paid money to share fraudsters you should contact Action Fraud on: 0300 123 2040

 

Copyright 2014, Skyepharma. All Rights Reserved. Skyepharma PLC is a public limited company registered in England and Wales, registration number 0107582.
Registered office: 46-48 Grosvenor Gardens, London SW1W 0EB, United Kingdom

Contact addresses

Skyepharma PLC
46-48 Grosvenor Gardens
London
SW1W 0EB
UK

Tel: +44 207 881 0524

Fax: +44 207 881 1199

E-mail us

Skyepharma AG
Eptingerstrasse 61
4132 Muttenz
Switzerland

Tel: +41 61 467 5555

Fax: +41 61 467 5500

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