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FCA has issued a warning on their website cautioning people of a cold caller committing fraud

The FCA has issued a warning on their website cautioning people of a cold caller committing fraudand targeting people in the UK. Almost all firms and individuals who seek to provide financial help, products or services need authorisation from the FCA in order to conduct business.

Firms operating under the FCA’s approval are heavily monitored to ensure that they are operating within the law and offering the best advice and services. Firms and individuals offering financial services but operating outside the authorisation of the FCA are often known to be committing fraud and running scams such as the one William Howarth has been revealed to be running.

In this case, William Howarth has been cold calling and telling consumers that he is calling from the FCA. He does this in an attempt to persuade them to send him “advance fees in order to invest in products such as fine wine.” The man is also claiming to want to buy shares from people once they send him these advanced fees. The FCA said this of William Howarth on their website: “Mr Howarth is fraudulently telling consumers that he is calling from the Financial Conduct Authority (FCA). Mr Howarth is not in any way affiliated with the FCA and any calls received from him are not from the FCA. The FCA do not cold call consumers.”

Trust Deed Scotland, a leading provider of debt advice for the people of Scotland, takes a keen interest in industry reports such as this. Mark Sommervile, Director of Trust Deed Scotland, provided the following comment: “We’re pleased to see that the FCA is taking measures to eliminate unauthorised, unscrupulous people from the market. While it’s concerning to see people like William Howarth when they’re dragged into the light, it’s actually a sign of great things for the market. The work which the FCA is doing marks the end of a period where the market was unregulated and people were falling victim to a number of scams. We’ve had a lot of people calling us recently seeking advice after speaking to fraudsters such as this one.”

Trust Deed Scotland® Ltd is a leading debt advisory service for Scottish residents. They are 100% owned and operated in Scotland, with a 98% Trustpilot rating owing to their free, qualified debt advice. They are able to advise on the suitability of Trust Deeds and a number of alternatives, including The Debt Arrangement Scheme, Debt consolidation and Sequestration.

This press release was distributed by ResponseSource Press Release Wire on behalf of Trust Deed Scotland in the following categories: Personal Finance, Business & Finance, Public Sector, Third Sector & Legal, for more information visit http://pressreleasewire.responsesource.com/about.