Following a stark warning by the Financial Conduct Authority on potential graphene investment scams, UK’s Proactive Investor has written an article hinting at a possible graphene investment bubble.
The investment firm states:
Investors have been keen to benefit from the commercialisation of graphene, which was first discovered by scientists at Manchester University, who were then awarded the Nobel Prize for Physics in 2010.
So much so that even fraudsters are getting in on the act. In January, the FCA issued a stark warning, urging investors to do their due diligence to avoid investing in any duds.
“We first uncovered this issue when we found evidence of a ‘graphene investment firm’ on the computers of a suspected boiler room,” the FCA said.
“So we believe that the same firms that have sold other high risk, dubious products such as carbon credits, rare earth metals and overseas land and crops, are now trying to sell graphene.”
The City watchdog said there is a strong possibility of fraud with graphene as it is unregulated and it is difficult to confirm you have bought a genuine product.”
The full article goes on to describe the stock market activities of Haydale and Applied Graphene Materials.