SCA notes to the investors that SICO Bank is not licensed by SCA to exercise consultancy and financial analysis and is not responsible for any transactions carried out with the bank regarding the capital and commodity market.
COMPASS INSURANCE BROKERS LLC
The Company is not licensed by the Authority to carry out any of the activities under its control, and therefore the Securities and Commodities Authority is not responsible for any dealings with it relating to the activities licensed by the Authority.
The Securities and Commodities Authority (SCA) urges participants in UAE-based capital markets to beware of false rumors and misleading information posted or circulated on social media platforms about conditions in licensed markets or the stocks listed there. These rumors are intended to erode investor trust and undermine market stability. SCA, for its part, spares nothing in its efforts to counter such rumors by using all legal means provided under Federal Law No. (4) of 2000 relating to the Securities and Commodities Authority and Market and the decisions issued thereunder.
DIAMOND FOREIGN MARKETS COMMODITY CONTRACTS BROKERAGE L.L.C
The securities and commodities authority (SCA) advices the investors that the mentioned company does not have any license from SCA to carry out any activities Subject to the organization and licensing of the SCA. and therefore the Authority is not responsible for any dealings with the said company in this capacity.
Due to the complaints made by some investors to the Dubai Financial Market that an entity is using its name, details and logo along with Al Ansari Financial Services, Securities and Commodities Authority urge investors to make sure that whatever entity they are dealing with to trade securities or commodities or receiving services is licensed by the Securities and Commodities Authority
Neto Trade Company
Through the website
The Authority asserts that the said company is not licensed by the Authority to carry out any of the financial activities under its control. Therefore, it calls on investors in the State to be cautious about dealing with the said company on any of the services related to the activities subject to the Authority's supervision.
Promotion of or dealing in financial products associated with digital tokens.
Provision of financial analysis services for a public joint stock company during subscription period in its shares without a relevant license, authorization or approval from the SCA.
Warning from the SCA against initial coin offerings (ICO).
Al-Najm Al Wathek- Twitter Account(@Safwat87696019)
The owner of the Twitter account provided certain services associated with the financial activities regulated by the SCA; namely financial consultations and financial analysis, without obtaining a license from the SCA.
Asian Gold&Commodities Exchange(www.agcx.com)
The website contains a reference to an address for an office providing services relevant to the activity of the website domiciled in the Emirate of Ajman, UAE.
Creating an electronic forum (market) through the website www.agcx.com to trade in gold and commodities without a license from the SCA.
“It appeared that www.financial.org has announced the provision of services which originally falls under the supervision of the Securities and Commodities Authority, without having obtained an approval, a license, or a permission to do so. As such, we urge investors not to use this website or any of the services announced, whether relating to securities and commodities trading or to investment portfolios”.
CMS Financial L.L.C
CMS Financial is licensed company by Securities and commodities Authority to engage in brokerage activities in the trading of commodities in the Dubai Gold and Commodities Exchange (DGCX). The company is not licensed to carry out any financial activities or provide any other financial services. SCA advices the public in this regard if they wish to Deal with the mentioned company, it has to be dealt within the limits and the purposes of the activity authorized by SCA.
Islamic European Investment Bank
The Bank is not licensed by SCA, therefore SCA is not responsible for any dealings as the activities is not under SCA control.
SCA also notes that its intention is to warn about the Islamic European Investment Bank (Rasmala), and not the Rasmala Investment Bank Ltd.
The old account name:
The new account name:
The Securities and Commodities Authority (SCA) calls upon the account holder not to be accredited by the Authority as a financial advisor or financial analyst, and therefore the Authority is not responsible for any dealings with the said person in this capacity.
The website (www.sgmorgan.com)
The website contains a reference for an office of the company located in the Emirate of Dubai.
The contents of the website
www.sgmorgan.com indicate that it has provided services related to capital market transactions and financial brokerage services. The securities and commodities authority (SCA) advices the investors that the above mentioned website does not have any license from SCA to carry out any activities Subject to the organization and licensing of the SCA. It also advices not to deal with the mentioned website in respect of any services related to the financial activities subject to the regulations of SCA.