Yes, there seems to be a trend of informing people that they are not regulated by the FSA and if you lose money (or take it all) with us, its your own fault. In the food industry they would never get away with selling a loaf of bread contaminated with botulin toxin and you're not going to get your money back. Obviously regulation within the finance sector is akin to non-existent. For the mandarins reading this I suggest you start making the right noises, or will this compromise your pension?
Any person who deals with these websites must be stupid, mad or both.
As we are talking about fraudulent websites (without them the fraudsters are dead in the water) are people aware of the following? This is only a small sample, but if it replicated for the whole, it indicates the state of play towards the end of 2012.
By studying the comings and goings over the last 3 years or so, I have come to a ball park conclusion that out of every 100 financial investment websites over 90 of them are fraudulent. In other words you are highly likely to be dealing with a boiler room operation, however nice they are over the phone and however fancy their website is. I can supply anyone with the websites that have disappeared over the last 3 years.
Investors should be aware that some financial websites have malicious content attached to them. This could possibly destroy the hard drive on your computer. Examples of malicious content are nabsecuritiesinc, scottfitzgeraldgroup.com, shaw-capital.com,minsheng-corp.com, dailysecurities.com and fisherinvestments.com. There will be many others. With some you get a warning there is malicious content, but not always. The way to find out if there is malicious content or malware is to video the bottom left hand corner of the browser, which records where the browser is being redirected. Play the video back and at approximately 4 frames per second (pause button) record where the site is taking you to. Report malicious content to the webmaster at the server which hosts the website (go to webmaster@...), and if you really want to, tell the police , FSA etc, who seem to be a black hole at the moment.
I would recommend that you have the best Internet Security (not just antivirus) and firewall protection you can buy, a 3 site license only costs about £25, the best thing you will ever do. In my experience attacks are taking place all the time.
It appears that some websites of this nature are acting cooperatively eg belfastcapital,blackwoodgroup.com and bishopsgatecapital.com as evidenced by redirection observed on the bottom browser bar. Does anyone have information on bishopsgatecapital, as they were due for a court appearance in the summer?
All in all, a very sad state of affairs, boiler rooms possibly set to increase in 2013, due to lack of police resource and the inability to monitor the financial lanscape on the internet. False Whois data is rampant.
It is the duty of the people we vote in to protect people, in the same way that the food industry is heavily regulated. I suggest that the coalition grasp this nettle to get rid of the illegal activities which we are seeing before our very eyes. The only hope is that the National Crime Agency (NCA) get their act together and the new Surveillance laws are passed and implemented asap. At the moment police are hamstrung by having to apply for a warrant each time they are searching for a particular piece of information, get real we are no longer in the 1990's.
Quote: 'The regulators are hopelessly behind the curve, and are unlikely ever to catch up with the techniques and methods that are evolving all the time' -Nic Leeson on BBC Tonight program 26th October 2011.
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