Abu Dhabi's FSRA fined Sarwa Digital Wealth $122,500 for offering unapproved securities in ADGM.

Abu Dhabi's Financial Services Regulatory Authority (FSRA) fined Sarwa Digital Wealth $122,500 for offering securities without an approved prospectus in the Abu Dhabi Global Market (ADGM). Sarwa violated regulations by making an offer of securities without the necessary information for investors to make informed decisions. The company has since reversed all commitments made during the offer.

May 21, 2024
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