Over recent weeks the company has become aware that a number of shareholders have received unsolicited phone calls or correspondence concerning investment matters.
Shareholders are advised to be very wary of any advice they have not specifically asked for, including: unsolicited offers to manage or sell the shareholder’s RWS shares, offers to sell other company’s shares to the shareholder at a discount or offers of free company reports.
The calls are typically from people stating they are 'brokers' based overseas and their offer to buy or resell the investor's shares in RWS will usually be at inflated prices and any offer of shares for sale often turn out to be worthless or high risk shares, commonly known as ‘boiler room’ scams.
These 'brokers' can be very persistent and extremely persuasive and it is not just the novice investor that has been duped in this way; many of the victims have been successfully investing for several years.
If you receive any unsolicited investment advice:
- Make sure you get the correct name of the person and organisation
- Check that they are properly authorised by the FCA before getting involved by visiting www.fsa.gov.uk/register/home.do
- Report the matter to the FCA by calling 0800 111 6768 or by completing the online form www.fca.org.uk/consumers/scams/investment-scams/share-fraud-and-boiler-room-scams/reporting-form
- Do not provide any personal details e.g. bank details or full registered address
- Do not send your share certificate(s) to anyone
- If the calls persist, hang up
The FCA also maintains on its website a list of unauthorised overseas firms who have targeted UK investors. If you deal with an unauthorised firm, you will not be eligible to receive payment under the Financial Services Compensation Scheme.
More detailed information on boiler room scams or similar activity can be found on the FCA website.