Regulators Offer Advice On Closing Down 'Boiler Room' Scams ; Legal & Finance

Summary

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City regulators and professional bodies are joining forces to warn UK stock market-listed companies to help protect their shareholders from boiler rooms by sending them warnings about the scam.

So-called 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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Extract

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Regulators Offer Advice On Closing Down 'Boiler Room' Scams ; Legal & Finance

To help protect investors, the Financia...

See the full content of this document

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