"Armchair detective investors" successfully identify potential financial threats, FCA states.
The number of scam reports grew by 193% during the last five years.
Being the
legendary detective Sherlock Holmes, who solved the most complex mysteries of
London's streets, was undoubtedly the dream of many British kids, who are now
active individual investors. A recent survey by the Financial Conduct Authority
(FCA) shows that one in four consumers who have avoided investment fraud in
recent years did not give up on their childhood dreams and drew inspiration from
the Holmes character to spot and report scammers.
Sherlock Holmes-Like
Investors Spots Investment Crime
According
to FCA's statement published on Tuesday, the data gathered from the regulator's
helpline showed a 193% increase in scam reporting calls in the last five years, as retail
investors are getting better at identifying and detecting potential investment
scam red flags. Due to their commitment and timely notification, over £2
million of possible losses were foiled.
The newest
research shows that 39% of respondents rely on their Sherlock Holmes-like
investigative or research skills to identify clues. In comparison, 32% trust
their intuition to differentiate between legitimate investment opportunities
and potential scams.
These
'detective' investors identified mistakes (34%) and requests for
personal information (34%) as the most common red flags for investment scams,
along with unsolicited contact (33%) and high-pressure sales tactics (26%).
"Scammers
are becoming more and more sophisticated, coming up with different tactics,
such as impersonation texts or calls, and using the cost of living pressure as
a way to tempt investors into false opportunities. Once money has been lost in
this way, it's difficult to get back, so if something seems too good to be
true, it probably is. It's great to see so many investors being able to spot
the signs of a scam, and helping others to do the same," Mark Steward, the
Executive Director of Enforcement and Market Oversight at the FCA, commented.
"You
don't need to be a Sherlock Holmes to spot scams," Steward added.
Of the
1,036 investors surveyed by the FCA who avoided scams, 33% received the offer
via email and 25% through a personal phone call. Once they realized the offer
was a scam, 42% warned their family and friends, while 27% shared their
experience on social media to alert others.
In April, the FCA unveiled a new three-year strategy to enhance outcomes for markets and retail
investors. The strategy centers on three main objectives: mitigating and
averting severe harm, establishing and assessing benchmarks, and encouraging
competition and favorable transformation within the industry.
Watch the recent FMLS22 panel titled: "Regulation Roundup: Everything You Need to Know for 2023."
FCA Fights Scammers
and Rogue Financial Ads
In the age
of the Internet and social media ubiquity, the FCA's role is no longer limited
to blocking the services of rogue investment market actors but also to identifying
advertisements of their fraudulent offerings.
In
February, the regulator announced that it had rejected 8,582 financial
promotions in 2022, leading to the complete removal or alteration of their
messages. It is a considerable jump of 1,400% compared to the 573 promotions
rebuffed in 2021. At the same time, the FCA issued 1,800 warnings against
scammers to protect British and foreign consumers.
The number of financial promotions that required intervention has increased dramatically since 2020.
The growing
number of notifications requires the regulator to commit more resources. As a
result, the FCA hired an additional 1,000 officers in 2022 to better protect
consumers and respond more quickly to their calls.
A separate
report by the Cypriot regulator CySEC noted that finfluencers, or financial
influencers, are becoming a growing problem amid the popularity of social media
in investing. They are becoming an authority for many individual traders. According
to a January CySEC survey, more than 30% of retail investors base their decisions
on the opinions of finfluencers.
Being the
legendary detective Sherlock Holmes, who solved the most complex mysteries of
London's streets, was undoubtedly the dream of many British kids, who are now
active individual investors. A recent survey by the Financial Conduct Authority
(FCA) shows that one in four consumers who have avoided investment fraud in
recent years did not give up on their childhood dreams and drew inspiration from
the Holmes character to spot and report scammers.
Sherlock Holmes-Like
Investors Spots Investment Crime
According
to FCA's statement published on Tuesday, the data gathered from the regulator's
helpline showed a 193% increase in scam reporting calls in the last five years, as retail
investors are getting better at identifying and detecting potential investment
scam red flags. Due to their commitment and timely notification, over £2
million of possible losses were foiled.
The newest
research shows that 39% of respondents rely on their Sherlock Holmes-like
investigative or research skills to identify clues. In comparison, 32% trust
their intuition to differentiate between legitimate investment opportunities
and potential scams.
These
'detective' investors identified mistakes (34%) and requests for
personal information (34%) as the most common red flags for investment scams,
along with unsolicited contact (33%) and high-pressure sales tactics (26%).
"Scammers
are becoming more and more sophisticated, coming up with different tactics,
such as impersonation texts or calls, and using the cost of living pressure as
a way to tempt investors into false opportunities. Once money has been lost in
this way, it's difficult to get back, so if something seems too good to be
true, it probably is. It's great to see so many investors being able to spot
the signs of a scam, and helping others to do the same," Mark Steward, the
Executive Director of Enforcement and Market Oversight at the FCA, commented.
"You
don't need to be a Sherlock Holmes to spot scams," Steward added.
Of the
1,036 investors surveyed by the FCA who avoided scams, 33% received the offer
via email and 25% through a personal phone call. Once they realized the offer
was a scam, 42% warned their family and friends, while 27% shared their
experience on social media to alert others.
In April, the FCA unveiled a new three-year strategy to enhance outcomes for markets and retail
investors. The strategy centers on three main objectives: mitigating and
averting severe harm, establishing and assessing benchmarks, and encouraging
competition and favorable transformation within the industry.
Watch the recent FMLS22 panel titled: "Regulation Roundup: Everything You Need to Know for 2023."
FCA Fights Scammers
and Rogue Financial Ads
In the age
of the Internet and social media ubiquity, the FCA's role is no longer limited
to blocking the services of rogue investment market actors but also to identifying
advertisements of their fraudulent offerings.
In
February, the regulator announced that it had rejected 8,582 financial
promotions in 2022, leading to the complete removal or alteration of their
messages. It is a considerable jump of 1,400% compared to the 573 promotions
rebuffed in 2021. At the same time, the FCA issued 1,800 warnings against
scammers to protect British and foreign consumers.
The number of financial promotions that required intervention has increased dramatically since 2020.
The growing
number of notifications requires the regulator to commit more resources. As a
result, the FCA hired an additional 1,000 officers in 2022 to better protect
consumers and respond more quickly to their calls.
A separate
report by the Cypriot regulator CySEC noted that finfluencers, or financial
influencers, are becoming a growing problem amid the popularity of social media
in investing. They are becoming an authority for many individual traders. According
to a January CySEC survey, more than 30% of retail investors base their decisions
on the opinions of finfluencers.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Polymarket Rolls Out U.S. App After CFTC Green Light, Starting With Sports Events
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Educators, IBs, And Other Regional Growth Drivers
Educators, IBs, And Other Regional Growth Drivers
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
The Leap to Everything App: Are Brokers There Yet?
The Leap to Everything App: Are Brokers There Yet?
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Mind The Gap: Can Retail Investors Save the UK Stock Market?
Mind The Gap: Can Retail Investors Save the UK Stock Market?
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official