The Financial Services Authority has warned investors an unauthorised firm masquerading as Invesco Perpetual is attempting to sell fake funds.
The FSA issued a consumer alert on its website last week warning investors to exercise extreme caution if contacted by an entity offering to sell funds under the name Invesco Perpetual. The organisation is using the name to market an Asian Precious Metals fund and a Gold Precious Metals fund. The FSA said: "We believe that the oganisation may be targeting UK customers." A spokesperson at the FSA was unable to comment on whether an investigation would now be taking place.
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