| Public availability of share registers [message #385108] |
So, 07 Mai 2006 16:18 |
|
Following several postings on this group regarding people receiving cold
calls or junk mail when the only source would appear to be a share
registers (which are in the public domain under statute), there were a
couple of items in the FT yesterday (Sat 6 May 2006) on this issue: viz
the public availability of share registers vs their misuse or use for
purposes than otherwise intended.
I particularly like the notion that the current Company Law reform
process may be amended to include the concept of defining acceptable use.
Article on Saturday:
Share register fraud cases on the increase
http://news.ft.com/cms/s/6b9d2a0e-dc9c-11da-890d-0000779e234 0.html
(appears to be public access)
Letter from Christopher Pearson, company secretary of Balfour Beatty
(referred to in above article)
http://news.ft.com/cms/s/df832c32-db09-11da-aa09-0000779e234 0.html
(ft.com subscribers only)
Lombard: Share register scams (text below)
http://www.ft.com/lombard
Alarming reports of fraudsters using addresses from company share
registers to target small investors have sensibly led ministers to
consider ways of ending the abuse of these valuable mailing lists.
But given the abundance of personal information stored electronically
today, it might be simpler to go after the so-called "boiler rooms"
directly rather than waste too much time closing down their access to
address lists. In an age of e-mail phishing scams and automated
cold-calling, contacting investors with fake share offers is not much
harder than simply knocking on their doors.
|
|
|
