05 Jan Alliance Trust Alert FSA Over Scam Telephone Calls

Alliance Trust has announced that they have alerted the Financial Service Authority about a series of scam telephone calls that their shareholders have received in which the caller offers to purchase their shares at double the market value. The company has warned of an organisation calling investors and claiming to be interested in purchasing shares for the company. It appears to be targeting investors who hold shares in their own name, rather than through a nominee account. The caller then requests the shareholder to pay money or send a copy of the share certificate to confirm their interest in the deal. Alliance Trust commented "Calls offering payment well in excess of the price of our shares on the London stockmarket are almost invariably scams designed to extract cash or details of your investments that they would use to your detriment. "We do not recommend that you comply with this type of request. We advise that prior to buying or selling shares you should contact your stockbroker or financial adviser."