Investment platform Sarwa fined by Abu Dhabi Global Market regulator and DFSA

Abu Dhabi Global Market’s financial regulator has fined investment platform Sarwa Digital Wealth (Capital) $122,500 for breaching rules on offering securities.

The penalty was levied after Sarwa was found making an offer of securities at ADGM without an approved prospectus during April and May last year, breaching Financial Services Regulatory Authority regulations, the financial centre said on Tuesday.

A prospectus must be approved by the FSRA and should contain all information that an investor would “reasonably require to make an informed decision in relation to the investment”, ADGM said.

Source: TRADE FINANCE