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Be Alert – Scams and fraud

We are aware of several attempted frauds by criminals cold calling individuals offering investment opportunities. 

In their attempt to pass off as authentic, the fraudsters claim to be a TP ICAP or LCM broker, or a representative of TP ICAP or LCM.  They then offer individuals a highly recognisable and ‘trustworthy’ investment opportunity.  For example, a well-known Corporate Bond that pays a generous financial return. Please note – these attempts are fraudulent. 

TP ICAP and LCM only serve wholesale clients – i.e., established financial firms.  We do not serve individual (i.e. retail) customers.

If you do receive a call from a TP ICAP or LCM broker or representative and you are unsure of their identity, please end the call immediately and contact us by email.

Email: Compliance - EMEA

Warning signs

When fraudsters target individuals by email or telephone and pressure them to buy a product, invest their money, or share their personal details, this is often known as a boiler room scam

The approach may be gentle, the caller may be very friendly and reassuring.  Equally, they may take a more urgent tone, encouraging you to buy in quickly or else you could lose money or the opportunity.  Please be vigilant of these warning signs, end the call immediately, or delete the email.

For further information on staying safe online there are useful resources available:

A helpful anti-fraud checklist

  • A genuine bank or financial institution will never contact you out of the blue to ask for your PIN, full password or to move money to another account.

  • Only consider providing your personal or financial details to use a service that you have given your consent to, that you trust, and that you are expecting to be contacted by.

  • Don’t be tricked into giving a fraudster access to your personal or financial details.  Never automatically click on a web link in an unexpected email or text.

  • Always question uninvited approaches in case it’s a scam.  Instead, contact the company directly using a known email or phone number.


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