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FSA puts bullet in bulletin boards

Ignore the tips, regulator says

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Internet Security Threat Report 2014

The financial services watchdog has issued yet another notice warning investors to be wary of so called "tips" published on bulletin boards and in chat rooms. In a bulletin published yesterday, Phillip Thorpe, MD of the Financial Services Authority (FSA), said: "Following such tips blindly can seriously damage your wealth. "So the simple message is do not believe everything you read," he said. "Do some research -- the Internet can make that easy and cheap -- and make sure that your share purchases and sales are an informed decision." It is a criminal offence to deliberately create a false or misleading impression as to the market in, or the price of, any investments thereby inducing another person to acquire or dispose of those investments. Apparently. Related Stories Day traders get stiff warning FSA warns of Net trading dangers

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