The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has alerted the financial services community and members of the public to certain claims made by Rothschild Gulf Investment Bank (RGIB).
RGIB has claimed on its website that it maintained private offices in the ADGM on Al Maryah Island and provided financial services.
This claim has now been removed as RGIB has not been granted a financial services permission as an authorised person or be an exempt person and is not an entity with any presence both legally and physically with ADGM.
The FSRA is concerned that RGIB is misrepresenting itself. Such misrepresentations may be linked to other illegal activities.
The FRSA strongly advises the market and investors to be aware and cautious of RGIB or persons purporting to be acting for it, and under no circumstances to transfer nor send money/assets to this named entity.
Communications with RGIB is at the investor’s own risk.
