Security is very important to us at MPA Financial Management Limited and we would like to remind all our clients to be vigilant.
We have recently been made aware of a scam within our industry whereby fraudsters purporting to be from the Financial Conduct Authority (FCA), or law enforcement, are targeting clients of investment management firms, ‘advising’ them that a specific Investment Manager or the firm is under investigation.
As part of this scam, the fraudster specifically asks the client not to speak to the Investment Company, family or friends as this would be considered “tipping off”. The client is then advised to encash their portfolio and to move the cash to the client’s bank account. Once this is done, the fraudster then “recommends” an investment which is a scam.
Please be extra vigilant if you receive any unexpected communications from third parties.
Some things to be aware of?
- Scams often start by the fraudster hacking into an email account and tracking email exchanges. Please keep your email security measures up to date.
- Scams often use fake email addresses and websites. Look out for words mis-spelt, or email addresses and names you are unfamiliar with.
- The email will often ask you to do things, in secret and/or quickly.
- If in doubt, please speak to your Adviser or contact the office immediately on 01564 795 997.
With this in mind, we would also like to remind our clients that should you ever receive an email that looks like it is from your Adviser at MPA Financial Management Limited and you are advised or instructed to transfer money, please be aware that MPA Financial Management will never ask you to transfer money in an email, without prior verbal correspondence – again, if you are in any doubt, please contact your Adviser or the office immediately on 01564 795 997.
Please stay vigilant everyone!