Companies urged to help protect shareholders from ‘boiler
room’ scams

The Financial Services Authority (FSA) and the Institute of Chartered Secretaries and
Administrators (ICSA) Registrars Group are urging UK listed companies to help
protect their shareholders from boiler rooms by sending them warnings about the
scam.

‘Boiler rooms’ are high pressure sales firms, often based overseas, that target
investors illegally offering them non-tradable, overpriced or even non-existent shares.
Boiler rooms usually target existing shareholders by legally obtaining a company’s
list of shareholders.

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