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The Abu Dhabi Stock Exchange (ADX) has urged the public and its stakeholders to be vigilant against fraud and scam attempts.
The stock exchange noted that, in some cases, fraudsters may impersonate ADX or ADX licensed brokers or members of their management team via email, website or social media channels to defraud unsuspecting community members or stakeholders.
“We urge the public and stakeholders to be extremely cautious about such conduct and to report any claims involving the use of false ADX identities (such as logos, brands, names, signatures, marketing materials, invoices, ADX management team, etc.) to the relevant UAE authorities or your country the regulatory agency.”
ADX states that people must not respond to any unusual or suspicious communications or letters they may receive and avoid entering into any agreements with unlicensed entities.
“ADX is aware of false material created by fraudsters by obtaining illegally reproduced copyright and trademark protected material from ADX’s official website and announcements. ADX strongly recommends that you do not reply to any person or company claiming to be or on behalf of ADX, and under any circumstances Under no circumstances should you disclose your personal information and/or transfer funds.”
Additionally, ADX emphasized that the stock exchange does not seek investments or ask the public for personal or financial information. It urged the investor community to deal only with licensed entities.
Individuals with any questions about the legality of a particular communication may contact ADX at compliance@adx.ae.
“Any suspected illegal activity can be reported to the police or the relevant authorities by the public,” ADX added.
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