FCA and FSCS: “Investors should do more research”

FCA and FSCS say investors must conduct more research to protect themselves against online scams

A survey by the Financial Services Compensation Scheme (FSCS) and Financial Conduct Authority (FCA) found that many investors avoid doing due diligence because they found the process “complicated” and “time consuming.” According to the results of the study, 42% of Britons aged 18 to 24, who have money in investments, claim their latest investment was…

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Due diligence in the Dragon’s Den

More than 50% of companies that secure investment on Dragon's Den never receive anything

Although the BBC’s long-running reality TV show Dragon’s Den has produced several business success stories, there have also been some missed opportunities. In 2007, for example, Jamaican chef Levi Roots earned a tidy sum after celebrity angel investor Peter Jones offered £50,000 for a 40% stake in his Reggae Reggae Sauce business. However, later that…

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Lessons to learn from the Theranos investment fraud

Lessons to learn from the Theranos investment scandal

An interesting article in the San Diego Union-Tribune explores the issue of due diligence in the Elizabeth Holmes and Theranos investment fraud case. Author Neil Senturia offers amateur investors sound advice about the unregulated investment market. In his article, Senturia claims that: “… talking to a group of wealthy investors confirmed my suspicion that there…

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Due diligence, the best remedy for cons and scams

Research your investments

Navigating the world of investments is no mean feat. It’s almost like walking through a beautiful bazaar with lots of shiny items, and smiling vendors luring you into buying their sparkling goods. They all look good from the off, so how are you supposed to know who’s offering a good deal? Luckily, in the world…

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