Common Frauds
The most common frauds involve members of the public being contacted by individuals claiming to work for AXA Investment Managers or other investment companies.
Impersonation / cloned firms
This is where fraudsters will use a genuine investment company’s name and regulator registration number but their own contact information. This means that the fraudulent company will appear genuine when you verify them on a regulator’s website. More recently, fraudsters are also providing company fund prospectuses enhancing their ability to appear genuine.
If you are ever in doubt over the legitimacy of a company, please contact the regulator using the contact information provided on the regulators register. In the UK, we are regulated by the Financial Conduct Authority.
Click here to see the Financial Conduct Authority’s register of authorised firms.
Bogus funds
Fraudsters can set up bogus funds that have the same or similar name to genuine funds provided by legitimate companies. Individuals who invest in these funds are not investing in legitimate funds and are likely being defrauded.
Investment fraud
Fraudulent companies have also been contacting members of the public offering to transfer investments into legitimate funds. Individuals who invest following a cold call from these fraudulent companies are likely to be victims of investment fraud.
Boiler room scams
Boiler room fraud involves the mis-selling of worthless, overpriced or even non-existent stocks and shares for the sole purpose of defrauding unsuspecting investors. Organised criminals run ‘boiler rooms’ with a sales pitch designed to play to an innocent investor’s desire to make a return. Further information is available on the Financial Conduct Authority’s website.
Protect yourself from fraud
Clients and members of the public are often contacted through various methods for the purpose of obtaining personal information. These details will likely be used to defraud the individual.
Fraudsters pretending to be AXA IM
All information contained within this section relates to trending fraud attempts which have subsequently been reported to AXA IM during recent times.
Contacted by a fraudster?
If you are concerned about any potential fraud in connection with AXA Investment Managers, please contact us directly using the below mentioned details; report to the FCA, Action Fraud or nearest police station.
Contact usDisclaimer
This marketing communication does not constitute on the part of AXA Investment Managers a solicitation or investment, legal or tax advice. This material does not contain sufficient information to support an investment decision.
Issued in the UK by AXA Investment Managers UK Limited, which is authorised and regulated by the Financial Conduct Authority in the UK. Registered in England and Wales No: 01431068. Registered Office: 22 Bishopsgate London EC2N 4BQ
In other jurisdictions, this document is issued by AXA Investment Managers SA’s affiliates in those countries.
Risk Warning
The value of investments, and the income from them, can fall as well as rise and investors may not get back the amount originally invested.