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Al Ramz Capital LLC
DFSA fined Al Ramz Capital LLC USD 25,000 for contravening REC Rule 3.4.5(1) by failing to notify the DFSA of suspected market abuse (wash trades) by a client.
Date
2024-06-13
Entity type
broker
Action type
Fine
Fine (as written)
USD25,000
Fine (normalised AED)
91,750
Personal fine
No
Regulations breached
REC Rule 3.4.5(1) (failure to report suspected Market Abuse), Article 54(a) of Markets Law
Scraped at
2026-07-04T16:47:22.974374+00:00