Thursday, July 7, 2011

SCAM ALERT "A bogus website is trying to con UK investors using the famous Invesco Perpetual brand"

23:09, Monday 4 July 2011 - Original article
 
A bogus website is trying to con investors using the famous Invesco Perpetual brand.

The FSA has issued a consumer alert after it emerged that a rogue outfit is trying to pass itself off as Henley (Other OTC: HYNLZ.PK) -on-Thames investment manager InvescoPerpetual. It is trying to sell two funds an Invesco Asian Precious Metals Fund and an Invesco Gold and Precious Metals Fund via a website: www.invescoperpetualfunds.com

In the alert the City regulator has confirmed that the company is not authorised under the Financial Services and Markets Act 2000 (FSMA) to carry on a regulated activity in the UK. 

It added: "We believe that the organisation may be targeting UK customers. The entity named above is using the details of an FSA authorised firm. The Invesco Group of Companies and, specifically, the following FSA authorised firms have no association whatsoever with the organisation identifying itself as Invesco Perpetual."
Invesco Perpetual issued the following statement on its website. 

It said: "We've heard that some investors are being approached by people who say they're calling from Invesco Perpetual. These unsolicited calls have been trying to persuade individuals to invest money in bogus funds that share the same or similar names to genuine Invesco (NYSE: IVZ) /Invesco Perpetual funds or in funds that use the Invesco/Invesco Perpetual name (e.g. Invesco Asian Precious Metals Fund or the Invesco Gold and Precious Metals Fund). 

"This is a sophisticated attempt at fraudulently acquiring investors’ money. Invesco/Invesco Perpetual are not authorised to give investment advice; therefore, our staff will not make cold-calls or contact you by telephone or email to make investment recommendations." 

Invesco Perpetual is one of the leading fund managers in the UK. Its flagship funds Invesco Perpetual Income and High Income are two of the most widely held funds by private investors.

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