The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has warned of a suspected fraudulent scheme involving Airo Capitals, which falsely claims an association with ADGM and regulation by the FSRA. Airo Capitals has never been granted Financial Services Permission to conduct regulated activities in or from ADGM. It has also never been incorporated in ADGM or licensed to undertake commercial activities there. Investors and market participants should not deal with firms until they have verified their authenticity and appropriate FSRA permissions. The FSRA’s Public Register can be used to check regulatory authorization, while the ADGM Registration Authority’s Public Register can be used to verify claims of incorporation or registration.
Abu Dhabi Global Market Financial Services Regulatory Authority warns of Airo Capitals’ false authorization claims
Abu Dhabi Global Market’s Financial Services Regulatory Authority has alerted investors to a suspected fraudulent scheme involving Airo Capitals and its false claims of ADGM affiliation and FSRA regulation. Airo Capitals has never held permission to conduct regulated activities in or from ADGM and has never been incorporated or commercially licensed there. Investors should verify firms’ status through the relevant public registers before dealing with them.