National Grid shares

pcloherty

Telephone number [Removed by Forum Team] called today (31/07) from New York USA they said, and were asking whether I might be willing to sell my National Grid shares for between £18 – 22 . Current price is £10.20 or so, so this “seems too good to be true”. They did not want any information from me, except for an email address, which I gave them. They said I would be emailed some paperwork within the hour. They have sent me a non-disclosure agreement, which I have yet to sign and send back. Has anyone else had a similar experience?

Martico

From who-called.co.uk:

This number, primarily associated with share scams , is an unrecognised number, and is located in United States

pcloherty

The company issuing the NDA (non disclosure agreement ) is Vista Financial Advisers LLC. They seem to be a Private Equity Investors firm, based in NY, 

Doctor_Who

Cold called with an offer that 'seems to be too good to be true' - I'd hang up immediately!

phillw

Doctor_Who said:

Cold called with an offer that 'seems to be too good to be true' - I'd hang up immediately!

I'd tell them to contact a stock broker, as it's a much more cost effective way for them to buy shares.

But then I don't mind talking to scammers.

Doctor_Who

pcloherty said:

The company issuing the NDA (non disclosure agreement ) is Vista Financial Advisers LLC. They seem to be a Private Equity Investors firm, based in NY, 

Recent similar scam:

https://forums.moneysavingexpert.com/discussion/6456625/forgotten-shares

wmb194

pcloherty said:

Telephone number [Removed by Forum Team]  called today (31/07) from New York USA they said, and were asking whether I might be willing to sell my National Grid shares for between £18 – 22 . Current price is £10.20 or so, so this “seems too good to be true”. They did not want any information from me, except for an email address, which I gave them. They said I would be emailed some paperwork within the hour. They have sent me a non-disclosure agreement, which I have yet to sign and send back. Has anyone else had a similar experience?

Yes, it's an old scam.  I'm guessing you're a certificated holder and the scammers picked your name up from the share register.

bundoran

pcloherty said:

Telephone number [Removed by Forum Team]  called today (31/07) from New York USA they said, and were asking whether I might be willing to sell my National Grid shares for between £18 – 22 . Current price is £10.20 or so, so this “seems too good to be true”. They did not want any information from me, except for an email address, which I gave them. They said I would be emailed some paperwork within the hour. They have sent me a non-disclosure agreement, which I have yet to sign and send back. Has anyone else had a similar experience?

Prepare to be bombarded with bogus offers/spam ad nauseam.

It is too good to be true and you shouldn't have given them any information. No legitimate company buys shares in this manner and building up shareholdings in secret is against Stock Exchange rules.

Beddie

It's a very obvious scam. If they actually wanted to buy National Grid shares they could do so on the stock market for the listed price.

retiringtoosoon

You responded to that? I mean, really? 🙄