CMA warning against fake investment firms

April 23 - The Capital Market Authority (CMA) has issued an alert urging caution while dealing with companies engaged in investment activities in the currency, securities and other related areas. CMA said it issued an alert to ensure the soundness of all financial transactions through a safe investment environment. CMA also said that the alert was based on information received from the International Organization of Securities Supervisory Authorities (IOSCO), and added that the organization has been receiving warnings from its members about companies not authorized to provide investment services. For more details on the subject and the list of companies reported, CMA urges everyone to visit the IOSCO website.