Gold
This thread does a very good job and stopping a lot of people lose money to the boiler room scum.
It's well up in Google and so anyone that types in a name has a good chance of stopping by here.
The trouble is with informing an 'Investors Association' is that is there one? And if there is has anyone heard from it? And would a potential mark bother to check beforehand?
The only way to stop them is from proper government action but this is not going to happen in the UK. It has though in the US which is why the scammers hardly ever contact US citizens as they know if they do there's a good chance that the full power of the US government coming after them AND gettting them.
I've always said that the scammers are laughing, getting pissed, snorting coke with hookers etc at the UK government and Police. Sure, they catch one every now and then but then they get stupid sentences, 3 years, out in 1.5 is a joke.
Surely now though with the current economic mess the whole population must have woken up to the fact that YOU CANNOT TRUST ANYONE THESE DAYS WITH MONEY UNLESS THEY FIRST EARN TRUST WITH YOU.
And that counts just as much for a boiler room as it does to Natwest or Barclays who are generally only going to be too happy to (legally) stuff you up.
Anley and Gold1,
I think this is a very good site which is relatively easily accessed by anybody looking. However, I also take Gold's point that we could end up just talking amongst ourselves. Although the Associations and Authorities have so far been hopeless, I think Gold is right that we should increase the lobbying of anybody who may be able to get something done about these thieves. If we accept that nothing can be done, that's what will happen. We all have MP's, The FSA is there, even if it is pretty hopeless, Operation Archway has been set up by the City of London Police and I'm sure there are others who are in a position to get something done, so why not start to push them harder to do something. A few successes may raise awareness and that will be the best weapon to stop these b.....ds. I'm certainly going to give it a try - nothing lost.