View more on these topics

FSA issues Birmingham City FC share ‘scam’ warning

The FSA has issued a warning about a possible scam involving an American adviser firm and Birmingham City FC.

The regulator says the company, Campbell & Stewart Advisory Firm, is calling shareholders at the football club offering to pay “over the odds” to buy their shares.

It says the offer is made under the proviso that the shareholder pays an upfront fee to secure the deal.

FSA head of unauthorised business Jonathan Phelan says: “We have had reports that a US company called Campbell & Stewart Advisory Firm is trying to buy the shares of people who have invested in Birmingham City Football Club, providing the customer pays an up front fee first.

“We strongly believe this is a scam and anybody that is approached by this firm, or any other firm with a similar offer, should be very wary indeed. Calls out of the blue that promise a fantastic return on investment are one of the hallmarks of a scam.

“We have been told that Campbell & Stewart Advisory Firm is telling shareholders that they will pay over the odds for Birmingham City FC shares as they wish to mount a takeover bid for the club – in fact this is just a ploy to steal their money.

“Anybody giving money to these firms stands a very real chance of losing it all. If you get a call like this and you’re not sure what to do, please look at the warnings on our website or call us so we can talk you through your options.”


De Blonay fears regulation for banks after JP Morgan loss

Jupiter’s Guy de Blonay predicts the trading revenues of investment banks could drop by up to 20 per cent if tougher regulations are implemented in America in the wake of JPMorgan’s £1.3 billion trading loss. The Obama administration is considering more stringent financial regulations and the implementation of the Volcker Rule following the bank’s loss […]

House hold

The days of easy money in residential property may be over but ignore house prices in this country at your peril


Sifa: Crunch time for SRA over IFA solicitor referrals

Guidance issued by the Solicitors Regulation Authority in July 2009 makes clear that when solicitors refer clients to financial advisers, such referrals must be confined to Independent Financial Advisers. The guidance reads: “The SRA is aware that some law firms have been approached by multi-tied and tied advisers seeking to enter into restrictive arrangements to […]


Guide: day-to-day tasks ​— can your system manage?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.


News and expert analysis straight to your inbox

Sign up


There are 5 comments at the moment, we would love to hear your opinion too.

  1. That it is a scam should be obvious, who would want to buy shares in small heath alliance ?
    On a serious note the Premier league’s fit and proper rule must have been drafted by the FSA ! for how much protection it has afforded the blue-noses.

  2. And how is the FSA warning the public?

    Telling MM is as much use as a chocolate fireguard!

  3. Kevin Whittaker 29th May 2012 at 1:22 pm

    I have been approached by a company in Washington offering c£10 per share. Having sold my holding a few years ago I’m not sure what I have to sell. They will no doubt ring again tonight.

  4. I have been approached by Miles Corporate of Seattle by phone and email. They wish to note the number of shares I held before the Yeung takeover and have advised they will pay for shares offered.

  5. Had a very similar offer tonight for my Celtic shares. Have advised Celtic Football Club

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm