The expert magazine of Ostrum AM

Scam alert: upsurge in cases involving the fraudulent use of the names of authorised asset management professionals and financial products.

Ostrum Asset Management wishes to warn you against various methods being used increasingly frequently to appropriate the names of authorised asset management professionals and financial products for the purposes of fraud or attempted fraud. Ostrum Asset Management reminds you that only email addresses ending in “@ostrum.com” are secure and valid in your contacts with Ostrum Asset Management.
Ostrum Asset Management is also posting on this website the letter issued on 3rd March 2021 by the AMF (France’s financial market authority) and asset and wealth management industry associations warning against an upsurge in cases involving the fraudulent use of the names of authorised market players (The AMF, AFG, ASPIM, France Invest, Anacofi, Cie CIF, CNCGP and CNCIF warn the public against an upsurge in the theft of names of authorised market players | AMF (amf-france.org)).
The AMF and asset and wealth management industry associations are jointly advising investors not to respond to solicitations from persons claiming to be regulated players or products without making thorough checks about the identity of the persons who are proposing the investments:

  • contact the company that this person claims to represent yourself after having securely obtained its contact details (telephone, email and postal address) to make sure that the person contacting you is indeed from this company;
  • compare the email address you have received with that of the authorised professional, to the very last letter;
  • make inquiries with the professional association of which the person who has contacted you claims to be a member;

                       o    Contact the AFG (France’s asset management association) for asset management companies: Christophe Laurentie, secretary general: c.laurentie@afg.asso.fr;

The AMF reminds investors of the due diligence rules and good habits to adopt before making any investment:

  • Never give out your personal details (telephone number, email address, proof of identity, bank details, IBAN, proof of residence, etc.) to a website if you are unable to attest to its reliability or on a form that you are asked to fill out on the Internet after clicking on an advertising banner;
  • Do not respond to cold calls;
  • Do not believe information given by someone over the phone, who may not necessarily be the person you think they are;
  • Do not give in to urgency or pressure from the person contacting you, take the time to think things over;
  • Be wary of promises of quick profits without anything in exchange; there is no such thing as a high return without high risk.