For a fund firm already on the decline, the recent fraud charges brought against
Citing managerial shakeups, rising costs and foundering performance, Culloton scathingly said that "the complex doesn't deserve investors' money." He does caution investors to check out tax and commission costs that may arise before pulling their money out.
Invesco and its parent company,
Allegedly, more than 60 brokers, advisers and hedge funds were allowed to market time 10 or more of Invescos mutual funds between 2001 and 2003. Invescos troubles go beyond the financial sector.
Before long,
