UAE financial authority warns of unlicensed company

UAE's Capital Market Authority has advised the public against dealing with a company in a notice on Tuesday, January 13.

The authority said that Volcano Capital Marketing Management is not licenced to carry out regulated financial activities or provide related services.

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The authority added that it "bears no responsibility for any transactions or dealings" with this company. It also urged investors to verify a company's license and regulatory status before conducting business with them.

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Meanwhile, on December 4, the authority issued a warning to residents of a Dubai firm posing as a capital trading company.

The authority said that the unlicensed firm, going by the name Global Capital Securities Trading, operates out of a Dubai-based representative office affiliated with Global Capital Market Limited.

Written by

Meher Dhanjal

Meher Dhanjal is a Digital Journalist who breaks news first and breathes second. She loves chasing page views and finding stories that tug at readers’ heartstrings.