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FSA warning on investment chat

Investors are being warned against taking on-line share advice from chat rooms.


The move follows a spate of claims that stockmarket pundits in the US could be abusing their position and pushing their own shares investments using the internet.


FSA spokesperson Kate Burns says: “Consumers should be careful, alert and be aware what they are reading may be misleading or untrue. Bulletin boards and chat rooms are probably not the best place to go for advice.”


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