We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

HP Autonomy shares and Richieson Securities LLC - is it a scam?

I've been contacted by Richieson Securities LLC in New York about selling some HP Autonomy shares arising from a Special Incentive Share Split.
Their website looks a bit suspicious, as does the fact a Google search on them finds only their website and nothing else.
The fact they seem to want some money from me up front makes me even more suspicious.
Has anyone heard anything about this?
Neil

Comments

  • wmb194
    wmb194 Posts: 5,138 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    ninfield said:
    I've been contacted by Richieson Securities LLC in New York about selling some HP Autonomy shares arising from a Special Incentive Share Split.
    Their website looks a bit suspicious, as does the fact a Google search on them finds only their website and nothing else.
    The fact they seem to want some money from me up front makes me even more suspicious.
    Has anyone heard anything about this?
    Neil
    Sounds like a load of rubbish. Apart from upfront payments always being a no-no, HP sold what was Autonomy to Micro Focus plc in 2017 and I've no idea what a "special incentive share split" is: share splits don't usually require any sales, the number of shares simply changes. How did they get your details? Did you own Autonomy plc shares in certificated form? IIRC HP bought Autonomy in 2011 in an all cash deal so you should have sold them anyway, or did you not accept the offer?
  • dunstonh
    dunstonh Posts: 120,017 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Look up boiler room scam.

    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Yes, my dad did have some Autonomy shares, but as you say he sold them all. This company claim the special incentive shares were issued after the sale, which seems a bit strange.
    I looked up boiler room scam and this certainly meets several of their criteria. 
    Many thanks for confirming my suspicions.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.