PITFALLS FOR INVESTORS
"It has been found," states "The Accountant" (London), "that fraudulent share venders are, circularising investors with offers, suggesting some of the advantages, and safeguards of unit trusts, and accordingly all investors in such trusts, who now number more than a quarter of a million persons, are to receive a warning from the Unit Trusts Association that unsolicited investment offers coming from an unknown source should not be accepted without the advice of a stockbroker, bank manager, or solicitor.
"We are interested to observe that Labouchere's suggestion made in 1874 that the clergy - should be specially warned is apparently now to be taken to heart, since at the recent Church Assembly a resolution was moved 'that the Press and Publications Board be instructed to secure a brief article setting forth in simple language the danger to investors of dealing with ■"bucket-shops" and similar firms and to send a copy to every incumbent with a request' to insert it in his parochial magazine.' Many leading banks now insert warnings in their customers' pass-books."
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https://paperspast.natlib.govt.nz/newspapers/EP19370508.2.118
Bibliographic details
Evening Post, Volume CXXIII, Issue 108, 8 May 1937, Page 13
Word Count
174PITFALLS FOR INVESTORS Evening Post, Volume CXXIII, Issue 108, 8 May 1937, Page 13
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