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Mass marketing of mini bonds
GDB2222
Posts: 26,548 Forumite
I just had a bloke from Q***** Finance on the phone, cold calling me and trying to sell me mini bonds. They know nothing about me, eg whether I am a sophisticated investor.
The FCA announced that they were banning mass market sales from 1 January 2020. See
https://www.fca.org.uk/news/press-releases/fca-ban-promotion-speculative-mini-bonds-retail-consumers
Is there any simple way to report this phone call to the FCA? There's no point in their banning the practice if they don't enforce the ban, and they can't do that unless they accept reports of possible breaches.
Edit: There is a scam report form. Should I use this? https://www.fca.org.uk/consumers/report-scam-unauthorised-firm
The FCA announced that they were banning mass market sales from 1 January 2020. See
https://www.fca.org.uk/news/press-releases/fca-ban-promotion-speculative-mini-bonds-retail-consumers
Is there any simple way to report this phone call to the FCA? There's no point in their banning the practice if they don't enforce the ban, and they can't do that unless they accept reports of possible breaches.
Edit: There is a scam report form. Should I use this? https://www.fca.org.uk/consumers/report-scam-unauthorised-firm
No reliance should be placed on the above! Absolutely none, do you hear?
0
Comments
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I'd report it to the Information Commissioner as a matter of course whatever else you do
https://ico.org.uk/make-a-complaint/0 -
The problem with the ban is that it only applies to the UK so people can call from elsewhere but it's definitely worth reporting. I'd also put the name of the company in full here so that anyone searching can see what they're up toRemember the saying: if it looks too good to be true it almost certainly is.0
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I'd report it to the Information Commissioner as a matter of course whatever else you do
https://ico.org.uk/make-a-complaint/
On what grounds?No reliance should be placed on the above! Absolutely none, do you hear?0 -
Because you can?0
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