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.”