We need your support to keep TheyWorkForYou running and make sure people across the UK can continue to hold their elected representatives to account.

Donate to our crowdfunder

Fraud: Shares

Home Department written question – answered on 12th December 2011.

Alert me about debates like this

Photo of David Davies David Davies Chair, Welsh Affairs Committee

To ask the Secretary of State for the Home Department what steps she is taking to ensure that the Serious Fraud Office pursues investigations into boiler room fraud.

Photo of Edward Garnier Edward Garnier The Solicitor-General

I have been asked to reply.

The Serious Fraud Office (SFO) is headed by the Director who acts under the superintendence of the Attorney-General. The SFO investigates and prosecutes the most serious and complex economic crime.

Where an alleged boiler room fraud that comes to the attention of the SFO meets the published selection criteria the SFO will consider the allegations. The selection criteria can be found on the SFO website at:


If an alleged boiler room fraud does not meet the SFO criteria it will be referred to another law enforcement organisation or regulator for investigation when appropriate.

Since October 2011 the SFO has successfully prosecuted 10 individuals involved in boiler room fraud.

Does this answer the above question?

Yes0 people think so

No1 person thinks not

Would you like to ask a question like this yourself? Use our Freedom of Information site.