The UK Financial Conduct Authority (FCA) issued a warning to all shareholders in respect of unsolicited phone calls or correspondence concerning investment matters.
There have been reports that members of the public have received unsolicited telephone calls and fake paperwork from fraudulent companies, offering to sell HUTCHMED shares at a discount. We suspect that these calls are part of a scam and HUTCHMED would like to remind its shareholders to remain vigilant at all times. Please see the warning below for further information.
If you have any queries, please email email@example.com.
Share Scams are often run from "boiler room" where fraudsters cold-call investors offering them worthless or non-existent shares, or offer to buy their shares in a company at an inflated price. The "boiler room" scam has developed over the recent years and there has been an increase in reports of overseas fraudsters contacting shareholders to sell and buy shares using the names, registration numbers and addresses of authorised firms and individuals in an attempt to convince consumers of their legitimacy. While they promise high returns, those who invest usually end up losing their money.
In the UK, you can find further information on how you can avoid being a victim of share fraud at the Financial Conduct Authority (FCA) website (www.fca.org.uk):
If you use an unauthorized firm to buy or sell shares or other investments, you will not have access to the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) if things go wrong.