The Abu Dhabi Global Market Financial Services Regulatory Authority has warned investors and financial services firms about a suspected fraudulent scheme involving E-Community. The entity falsely claims to be based in Abu Dhabi Global Market and regulated by the authority while offering accounts for trading stocks, cryptocurrencies, commodities, currencies, indices and contracts for difference. E-Community has never received Financial Services Permission to conduct regulated activities in or from Abu Dhabi Global Market. It has also never been incorporated there or licensed to undertake commercial activities. Investors should verify a firm's authorization and registration through the relevant public registers before dealing with it.
Abu Dhabi Global Market Financial Services Regulatory Authority warns of suspected E-Community fraud and false authorization claims
The Abu Dhabi Global Market Financial Services Regulatory Authority has warned that E-Community is suspected of fraudulently claiming to be based and regulated in the financial center. The entity has never held Financial Services Permission or been incorporated or commercially licensed there.