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28 May 2024, 11:02 am | Clarification

Clarification of the regulatory status of Hedge and Sachs Financing Broker LLC

The Dubai Financial Services Authority (DFSA) wishes to clarify the regulatory status of a firm called Hedge and Sachs Financing Broker LLC.

Hedge and Sachs Financing Broker LLC is not, and has never been:

  • incorporated in the Dubai International Financial Centre (DIFC); or
  • authorised by the DFSA to provide Financial Services or make Financial Promotions in or from the DIFC.

The DFSA has become aware of representations suggesting that Hedge and Sachs Financing Broker LLC was shortly to be “approved” in the DIFC. The DFSA informs you that Hedge and Sachs Financing Broker LLC is not involved in any process to be licensed or otherwise “approved” by the DFSA.

The DFSA issues such clarifications to avoid possible confusion. Previous clarifications can be found here.

DFSA Authorised Firms are subject to financial services laws and rules administered by the DFSA. These laws and rules are designed to protect users and potential users of the financial services industry in the DIFC, including consumers, when they engage with an Authorised Firm to obtain a financial product or financial service.

Only DFSA Authorised Firms are permitted to provide financial services in or from the DIFC, subject to the laws and rules mentioned above. If you are unsure of the regulatory status of a firm, please check the DFSA’s PUBLIC REGISTER before entering into any financial services activity with that firm.

If you have any concerns about the authenticity of any correspondence or documents that purport to be issued by the DIFC, DFSA or a DFSA regulated Firm, you should direct your concerns to the DIFC on Tel: +971 4 362 2222 and to the DFSA via the DFSA Complaints function on: COMPLAINTS.

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