The Securities and Commodities Authority (SCA) has issued a clear warning to the public. Investors in the UAE are urged not to deal with the firm operating under the name ‘Limited TRCFX’.
According to the SCA, this company is not licensed to provide financial services. It is operating outside the legal and regulatory framework of the UAE. The authority has clarified that ‘Limited TRCFX’ is not registered or approved for any financial activity.
As a result, any transactions with the company carry significant risk. The SCA has stated that it will not be held responsible for any consequences faced by investors who deal with such unlicensed entities.
Moreover, the SCA highlighted the importance of conducting thorough checks before investing. Investors should confirm whether a company is licensed through the official SCA website. This is especially important before signing agreements or transferring any money.
In addition, the authority has encouraged all investors to stay informed. Reviewing the list of licensed companies can help avoid falling into fraudulent schemes. These lists are publicly available and updated regularly.
Furthermore, the SCA advises extra caution with firms that offer high returns or pressure clients to act quickly. Such tactics are often signs of scams or unauthorized activity.
To protect their interests, investors should always choose firms with proper authorization. If in doubt, they can contact the SCA for verification and support.
The authority has reaffirmed its commitment to safeguarding the financial market. It continues to monitor suspicious activity and will take legal action against violators.
In conclusion, the SCA urges the public to remain vigilant. Dealing only with licensed firms ensures investment safety and legal protection. Ignoring such warnings can result in financial loss and legal complications.
