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ADGM FSRA: 03 Mar 2022
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) wishes to alert the financial services community and members of the public about certain false and misleading claims made by entity purporting to trade as “Ibell Markets” on its websites (URL: https://www.ibellmarkets.com and https://ibellsfx.com) (the “Websites”).
It came to the FSRA’s attention that on the Websites, Ibell Markets:
The FSRA is concerned that the false statements made on the Websites have the potential to mislead potential investors and the public to believe that Ibell Markets is licensed or authorised to carry on Regulated Activities in or from the ADGM, when it is not.
The FSRA advises the public that Ibell Markets:
Only firms authorised by the FSRA can undertake Regulated Activities in the ADGM.
To determine if an entity has been granted a Financial Services Permission by the FSRA to carry on Regulated Activities in or from the ADGM, you can search the FSRA’s Public Register.
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