Disclosure details -

Securities and Commodities Authority

Year 2000Regulated by Government

Since its inception, the Securities and Commodities Authority has been keen on putting the objectives stated in the Federal Law No. (4) of 2000 into effect by sparing no effort to strengthen the legislative structure through issuing such regulations and instructions that ensure the development of the organizational and supervisory framework of the list joint-stock companies and other companies operating in the securities field. Besides, the Authority has introduced some controls and criteria that would contribute positively to enhancing the investors' trust in the Authority.

Disclose broker

Danger Unauthorized

BellsTrade

Disclosure summary

Disclosure matching Website matching
Disclosure time 2023-01-10
Reason for punishment The company that owns the site has not obtained a license to practice any activities subject to the supervision of SCA

Disclosure details

Warnings Website: (https://www.bellstrade.com)

Based on the SCA’s oversight and supervisory role on the licensed financial markets in UAE in a way that serves the interest of the national economy and ensures the safety of transactions and the protection of investors, SCA calls on investors not to deal with the website (https://www.bellstrade.com/) because The company that owns the site has not obtained a license to practice any activities subject to the supervision of SCA, and the Authority disclaims any responsibility for any dealings with that site in this regard.

Annex

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More regulatory disclosure

Danger

2024-04-28

Notification of suspected criminal offence punishable under Article 178 of the Act on trading in financial instruments (engaging in activities in the field of trading in financial instruments without the required authorisation or power of attorney)