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.
What are the most 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. Below are details of these common fraud types.
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 regulators 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 used the contact information provided on the regulators register. In AU, we are regulated by the FCA, please click here for the register of authorised firms.
Bogus funds
Bogus funds are set up which have the same or similar name to genuine funds provided by legitimate companies. Individuals who invest this way following a cold call 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 such 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 investors desire to make a return. Further information is available on the FCA website, please click here.
Beware of the Fixed Rate ISA Bond scam
Members of the general public are being contacted by individuals who are purporting to be employees of AXA IM HK following providing their details in the Top Wealth Bonds comparison website or responding to advertisements placed in the national press and on social media.
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 website is published by AXA Investment Managers Asia (Singapore) Ltd (ARBN 115203622) (“AXA IM Asia”). AXA IM Asia is exempt from the requirement to hold an Australian Financial Services License and is regulated by the Monetary Authority of Singapore under Singaporean laws, which differ from Australian laws. AXA IM Asia offers financial services in Australia only to residents who are “wholesale clients" within the meaning of Corporations Act 2001 (Cth).
This publication is for informational purposes only and does not constitute investment research or financial analysis relating to transactions in financial instruments, nor does it constitute on the part of AXA Investment Managers or its affiliated companies an offer to buy or sell any investments, products or services, and should not be considered as solicitation or investment, legal or tax advice, a recommendation for an investment strategy or a personalized recommendation to buy or sell securities.
Due to its simplification, this publication is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this publication is provided based on our state of knowledge at the time of creation of this publication. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision.
All investment involves risk , including the loss of capital. The value of investments and the income from them can fluctuate and investors may not get back the amount originally invested.
Disclaimer
This website is published by AXA Investment Managers Australia Ltd (ABN 47 107 346 841 AFSL 273320) (“AXA IM Australia”) and is intended only for professional investors, sophisticated investors and wholesale clients as defined in the Corporations Act 2001 (Cth).
This publication is for informational purposes only and does not constitute investment research or financial analysis relating to transactions in financial instruments, nor does it constitute on the part of AXA Investment Managers or its affiliated companies an offer to buy or sell any investments, products or services, and should not be considered as solicitation or investment, legal or tax advice, a recommendation for an investment strategy or a personalized recommendation to buy or sell securities.
Market commentary on the website has been prepared for general informational purposes by the authors, who are part of AXA Investment Managers. This market commentary reflects the views of the authors, and statements in it may differ from the views of others in AXA Investment Managers.
Due to its simplification, this publication is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this publication is provided based on our state of knowledge at the time of creation of this publication. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision.
All investment involves risk , including the loss of capital. The value of investments and the income from them can fluctuate and investors may not get back the amount originally invested.