Faced with a sophisticated corporate fraud impersonating the Equiti brand to defraud investors, Equiti Group has announced that it is working closely with regulators to take action against fraudsters.

“As an established brand in the region, it is our commitment to ensure that we can protect the community from malicious fraud,” said Mohammed AlAhmad Ketmawi, co-founder of Equiti Group and CEO of Equiti Securities Currencies Brokers LLC of Equiti Group.

The SCA has issued a warning against the unregulated company on its official platforms and Equiti said it is taking every available initiative to protect investors in the UAE and maintain the integrity of the industry. Equiti urges investors to verify regulatory details before engaging with financial entities and to promptly report any suspicious activity.

About Equiti Securities Currency Brokers (ESCB)

Equiti Securities Currencies Brokers LLC is regulated by the UAE Capital Market and Commodities Authority as a Category 1 Intermediary for OTC Derivatives Contracts and Foreign Exchange Markets, under license number 20200000026.


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