29.2 C
Dubai
Sunday, November 17, 2024
spot_img

Abu Dhabi Stock Exchange warns public against fraud

[ad_1]

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.

Copyright © 2022 Khaleej Times. all rights reserved. Provided by SyndiGate Media Inc. (Syndicate information).

[ad_2]

Source link

Related Articles

From Seed to Superfoods The Inspiring Journey of Bharat Budhiraja and Urbana Superfoods

In a world teeming with fast-paced food trends, Bharat Budhiraja is charting a unique path with his brand, Urbana Superfoods, owned by Krish Perennials Pvt....

UAE Amplifies Compassion: Humanitarian Aid to Gaza Reaches 121 Deliveries with ‘Operation Chivalrous Knight 3

UAE commitment to humanitarian aid has once again been highlighted through its ongoing support for the people of Gaza. In a significant effort to alleviate...

Empowering Women Through Entrepreneurship The Inspirational Journey of Remya Krishnakripa and SilverRay Global Coaching

In a world where corporate careers often trap individuals in a cycle of stress and stagnation, Remya Krishnakripa found a way to break free...

Abu Dhabi Oil and Gas Summit Ignites Strategic Dialogues on Energy Security and Innovation Amid Regional Challenges

Abu Dhabi: The UAE’s oil and gas industry recently convened for its annual summit in Abu Dhabi, where top energy leaders discussed strategies for...

UAE President Sheikh Mohamed bin Zayed Invited to Arab-Islamic Summit: A Key Step Towards Regional Unity and Cooperation

UAE President Sheikh Mohamed bin Zayed Al Nahyan has received a formal invitation from Saudi Arabia’s King Salman bin Abdulaziz Al Saud to attend...

Latest Articles