Germany’sfinancial regulator BaFin is warning the public that scammers are misusing Invesco's name and address to promote unauthorized trading accounts.Fake Calls and EmailsAccording to BaFin, alleged Invesco employees havebeen contacting individuals by phone and email without consent. The calls andmessages offer the chance to open trading accounts that appear linked toInvesco’s German branch. The regulator clarified that this impression is false.“This is a case of identity theft,” BaFin said. Theauthority stressed that no genuine Invesco employee would ever contactconsumers unsolicited or attempt to sell products via email or WhatsApp.Under German law, only authorized firms can offerbanking, financial, investment, or crypto-asset services. BaFin underlined thatseveral companies still operate without the required license, exposingconsumers to high risks.To protect themselves, investors are encouraged toconsult BaFin’s online company database, which provides details of all authorizedinstitutions.Investor Caution UrgedThe regulator’s latest warning highlights a growingtrend of fraudsters exploiting the names of reputable financial institutions togain credibility. By mimicking Invesco’s identity, scammers seek to lureunsuspecting investors into fraudulent schemes.BaFin urged the public to remain vigilant and verifyany investment offer, especially if it involves unsolicited calls or emailsclaiming to represent well-known firms.Expect ongoing updates as this story evolves.This article was written by Jared Kirui at www.financemagnates.com.