The Dubai Financial Services Authority (DFSA) alerts the financial services community and the public to a firm falsely claiming to be regulated by the DFSA.

On its website, “https://souqcapital.com” Souq Capital the firm:

• falsely claims to be authorised by the DFSA; and
• uses fake DFSA “Registration” number.

The DFSA informs you that Souq Capital is not, and has never been, Authorised by the DFSA.

The DFSA strongly advises you to exercise extreme caution and not to respond to any communications from this firm.

The DFSA has a page on its website dedicated to alerts which the DFSA has issued. All alerts issued by the DFSA may be accessed by going to Alerts.

The DFSA has also issued warnings and guidance about the common types of scams perpetrated on consumers. For more information on these scams, please go to How to avoid being scammed.

The DFSA encourages consumers to refer to the list of regulated Firms and Authorised Individuals licensed by the DFSA that is available on the DFSA's Public Register.

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​​​​.