Al Ansari Financial Services Issues Urgent Warning on Impersonation Scam
Al Ansari Financial Services PJSC has alerted the public about a rising impersonation scam that misuses the Group's name to promote fraudulent investment schemes.
Summary
Al Ansari Financial Services PJSC warns the public about unlicensed firms impersonating the Group to promote fraudulent investment schemes. The company emphasizes that its shares are traded only on the Dubai Financial Market (DFM) through licensed brokers and advises the public to exercise caution and verify legitimacy before investing.
Dubai, UAE – 30 May 2024: Al Ansari Financial Services PJSC (DFM: ALANSARI) has issued a critical warning to the public regarding a surge in impersonation scams involving unlicensed firms. These fraudulent entities are misusing the Group's name and logo to lure unsuspecting investors into high-return investment schemes, often promoted through social media channels.
Al Ansari Financial Services has made it clear that its shares are traded exclusively on the Dubai Financial Market (DFM) through licensed brokers. The Group does not solicit investments via social media or any unauthorized channels, a fact that investors should keep in mind to avoid falling prey to these scams.
To safeguard the public, Al Ansari Financial Services has outlined several protective measures:
- Invest with licensed firms: Always verify licenses with the Securities and Commodities Authority (SCA) or DFM.
- Beware of high-return promises: Investment schemes that promise high returns with no risk are typically scams.
- Conduct independent research: Thoroughly investigate firms before making any investment decisions.
- Verify identity: If there is any uncertainty about a firm's legitimacy, contact Al Ansari Financial Services directly.
- Report suspicious activity: Notify relevant authorities of any suspected impersonation.
Al Ansari Financial Services is committed to promoting financial literacy and educating the public about the dangers of investment scams. The Group encourages everyone to visit their website or contact them directly for more information and guidance.
Given the current situation, investors should exercise caution. While Al Ansari Financial Services remains a reputable entity in the UAE's financial landscape, the rise in impersonation scams necessitates a vigilant approach to any investment opportunities associated with the Group. For now, maintaining a neutral stance and holding the instrument could be the most prudent course of action until further clarity and security measures are established.
Source
Summary
**Al Ansari Financial Services Warns Public of Impersonation Scam** **Dubai, UAE – 30 May 2024:** Al Ansari Financial Services PJSC (DFM: ALANSARI) has alerted the public about unlicensed firms impersonating the Group or its subsidiary, Al Ansari Exchange, to promote fraudulent "high-return" investment schemes. These scams, often found on social media, misuse the Group's name and logo to gain trust. Al Ansari Financial Services emphasizes that its shares are traded only on the Dubai Financial Market (DFM) through licensed brokers and does not solicit investments via social media or unauthorized channels. **Protective Measures:** - **Invest with licensed firms:** Verify licenses with the Securities and Commodities Authority (SCA) or DFM. - **Beware of high-return promises:** High returns with no risk are typically scams. - **Conduct independent research:** Investigate firms thoroughly before investing. - **Verify identity:** Contact Al Ansari Financial Services directly if uncertain about a firm's legitimacy. - **Report suspicious activity:** Notify authorities of any suspected impersonation. Al Ansari Financial Services is dedicated to promoting financial literacy and educating the public about investment scams. For more information, visit their website or contact them directly.
