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Insider UK
Insider UK
National
Peter A Walker

Financial regulator sounds investment scams warning

People are being warned to watch out for investment scams as the City regulator has seen an increase in inquiries about such incidents.

Between April and September last year, the Financial Conduct Authority (FCA) received 16,400 inquires about possible scams - up nearly a third from the same period in 2020.

Crypto asset scams were among the top types of fraud reported, with some scammers also impersonating the regulator itself.

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