Fixed bonds.

SonOf

There have been some scams where fake brokers have used the details of real corp bonds/loan notes and made them sound like fixed term deposits and got people to pay the scammer who has then disappeared with the money.

Mike_Smyth

Thank you all for the replies, after what I have seen/read here I will be looking elsewhere. It will not be the dodgy bank of Nigeria

Thank You all once again!

Mike_Smyth

Thank you all for the replies. (Scams) This maybe part of what the gentleman above was talking about!

As I cannot put in a URL I have copied pasted the article


"Fraudsters target investors with cloned firms
Fraudsters target investors with cloned firms
By Rachel Mortimer



Fraudsters have been impersonating Quilter Cheviot and St James's Place in an attempt to sell investments to potential victims.

The Financial Conduct Authority warned fraudsters were attempting to dupe members of the public by operating under the name Quilter Cheviot Investment Management - a trading name of the authorised investment manager Quilter Cheviot Limited.

In a statement on its website Quilter Cheviot Limited, which has no affiliation with the clone firm, warned it had noticed an increase in people impersonating its employees and urged clients to contact their investment manager if they had been approached by someone unfamiliar claiming to be from the company.

According to the FCA the clone firm has been using the email address enquiries@quilterinvest.com in a tactic the regulator said was used by fraudsters when cold calling victims.

A Quilter Cheviot spokesperson said: "We have recently been made aware of a case where an organisation is masquerading as Quilter Cheviot and attempting to sell fraudulent investments to members of the public.

"This incident has been reported to the FCA who is in the process of taking steps to stop this organisation from operating. Our staff have been informed and we have placed a warning on our website.

"We urge any customers who have received a suspicious call or email to either contact their investment manager or speak to the regulator."

Quilter was not the only advice firm to be targeted by fraudsters, with St James's Place also falling victim to an attempted clone.

A notice on the FCA register warns a clone firm has been operating under the name St Jame's Place in an attempt to convince potential victims they work for the genuine and authorised St. James's Place Wealth Management Plc.

The regulator said the clone firm, which uses the email info@sjpwim.co.uk, is likely to be part of a scam.

The FCA said: "It can be easy to fall for an investment scam - the people that run them are skilled at persuading their targets to part with money."

rachel.mortimer@ft.com

What do you think about the issues raised by this story? Email us on fa.letters@ft.com to let us know."

Thrugelmir

bowlhead99 wrote: »

Yes, that's basically correct, although I think that particular bond expiring on that date is the one from Tesco Personal Finance which actually has a price of 102.3 and so gross yield to maturity is 2.8%.

Current offer price in the markets to buy (LSE) is £103.10p - bid £101.50p. £102.30p is the notional mid market price.

Interest is paid bi-annual. So there's £2.50 per £100 of nominal stock held due next month. Added to the £5 due for the following 12 months. That's £7.50 of income. Taking the yield over 4%. (No trading costs factored in).

Last trade in the stock was July 2019.

AnotherJoe

Mike_Smyth wrote: »

Thank you all for the replies. (Scams) This maybe part of what the gentleman above was talking about!

As I cannot put in a URL I have copied pasted the article


"Fraudsters target investors with cloned firms
Fraudsters target investors with cloned firms
By Rachel Mortimer



Fraudsters have been impersonating Quilter Cheviot and St James's Place in an attempt to sell investments to potential victims. Isnt that SJP's modus operandii anyway


A notice on the FCA register warns a clone firm has been operating under the name St Jame's Place in an attempt to convince potential victims they work for the genuine and authorised St. James's Place Wealth Management Plc.

The regulator said the clone firm, which uses the email [EMAIL="info@sjpwim.co.uk"]info@sjpwim.co.uk[/EMAIL], is likely to be part of a scam.

As are other email addresses with similar names


The FCA said: "It can be easy to fall for an investment scam - the people that run them are skilled at persuading their targets to part with money."
Well, indeed

sorry, couldnt resist