'Once bitten, twice shy' as scam victims shun investing again: Quilter research

Retail investors who fall victim to unscrupulous scammers are put off investing again, according to new research from Quilter published today, which shows that as many as seven in ten people surveyed who have fallen victim to a scam in the past would shun investing in any way again. Investment related scams are proliferating year on year, and financial services firms are reporting the growing prevalence of organised criminals impersonating the brands of legitimate firms to sell non-existent investment products online and on social media.  So far in 2020, the FCA has issued 1,031 scam ...