Tuesday, 02 January 2024 12:17 GMT

UAE Warns Investors BDS LTD.Seychelles Unlicensed For Financial Services


(MENAFN- Khaleej Times)

UAE authorities warned investors and the public of an unlicensed company, named BDS LTD.

The Security and Commodities Authority said that the company is not authorised to engage in regulated financial activities or offer related financial services.

Recommended For You

The SCA added that it assumes "no responsibility for any transactions or dealings carried out with the company".

Stay up to date with the latest news. Follow KT on WhatsApp Channels.

Last week, the authority warned the public against dealing with three unlicensed entities - namely Sigma-One Capital , Sigma Wealth World Financial, and Sigma One Cap Marketing Services.

The warning came after a Khaleej Times report exposed the firms for running unregulated trading operations that left scores of investors financially devastated.

MENAFN22072025000049011007ID1109833490



Khaleej Times

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search