The Financial Services Authority (FSA) has warned investors against dealing with a clone of asset manager GAM.
The unauthorised Global Asset Management claims to have been operating out of Hanover Square, London, and is believed to have been targeting UK consumers. However, the FSA said that company had nothing to do with the authorised GAM London Limited/Global Asset Management, based in St James' Place, London. The FSA also reminded the public they would have no recourse to the Financial Ombudsman Service or Financial Services Compensation Scheme if they invested with the cloned firm. On its website, the authorised GAM said: "Please be aware that any material, and/or communication relatin...
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