UAE investment authority issues warning about unlicensed firm Ethr trading

The Capital Market Authority in the UAE has warned investors of an unlicensed company called Ethr.trading, saying that the firm does not have official authorisation to conduct regulated financial activities.

The authority said that it accepts no responsibility for any dealings involving this company.

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"Investors are strongly urged to verify the licensing status of any entity before entering into agreements or transferring funds, and to consult the list of licensed companies available on the CMA's official website to avoid potential fraud," the authority said.

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The CMA regularly puts out messages warning investors in the country about such companies, that either operate without licences or without following the necessary standards set by the government. Using the services of such firms can leave investors vulnerable to fraud and loss of money or even information.

For details about any UAE-based financial entity, investors or the public can simply access the 'open data' section in the CMA website. This section includes lists of registered companies, licensed firms, authorised and registered investment funds, and authorised finfluencers.

Written by

Supreeta Balasubramanian

Supreeta is a digital journalist who reads between the lines as she churns out stories. She finds joy in K-pop, exploring new hobbies, and tackling her never-ending list of books to read.