Be aware that it is likely that your details will have been shared or sold on to other fraudsters. This can lead to you becoming a target of other types of fraud and you should remain alert.
Recovery room fraud
Fraudsters are now targeting victims of boiler room and share scams pretending to offer assistance. For an upfront fee they will offer to recover the money you have already lost.
The fraudsters will take the upfront payment but you will never receive any recovered funds. They may also ask for your bank account details in order to pay the funds to you; this will actually be so that they can attempt to empty your account.
Recovery rooms may claim to be working on behalf of a government organisation, the FSA, or police in an attempt to add legitimacy to their claim. However, law enforcement and government agencies will not contact you in this way or charge a fee to recover your funds. If the police were to be involved in recovering your funds, this would be done through a criminal investigation.
See the FCA’s advice on Recovery room fraud for more information.
Advance fee fraud
You may receive a fraudulent request from someone offering to buy shares that you already own, requesting an upfront fee. See our tips on identifying and preventing this and other fraudulent scams.