The Securities and Commodities Authority (SCA) of the UAE revealed on Thursday that a company lacks any authorization from the authority. In a statement posted on X, the SCA clarified that IQINVEST does not possess any license issued by the SCA to conduct financial activities or services. The SCA further emphasized that it will not assume responsibility for any financial transactions involving the firm. Previously, in a comparable warning, the Securities and Commodity Authority highlighted that Aiwa Capitals Marketing does not hold a license from the authority to engage in any financial activities or services that are subject to the regulation and licensing of the SCA.
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