DFSA

Unnamed entity

Mr. Ajay Arora, SEO of Morgan Gatsby Limited, was fined USD 87,500 and prohibited from financial services for multiple breaches, including obstructing the DFSA and being knowingly concerned in MGL's contraventions.

Date

2020-03-10

Entity type

—

Action type

Multiple

Fine (as written)

USD87,500

Fine (normalised AED)

321,125

Personal fine

Yes

Individual role

Senior Executive Officer

Regulations breached

Regulatory Law 2004, Collective Investment Law, COB, AML, GEN Rules & Principles

Scraped at

2026-07-04T16:51:52.973096+00:00

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