The UAE’s Capital Market Authority (CMA) has issued a formal warning advising investors to steer clear of Zetta Capital Ltd, citing the firm's lack of authorization to conduct financial services in the country. The authority clarified that it holds no responsibility for any financial losses or damages resulting from dealings with unlicensed entities. To mitigate the risk of fraud and the potential compromise of personal data, officials are urging the public to verify the licensing status of any financial firm through the regulator’s official website before committing any funds or signing agreements.

This move is part of an ongoing crackdown by the CMA and the Securities and Commodities Authority (SCA) to protect the integrity of the market. Regulatory bodies have been increasingly proactive in identifying firms that operate outside of government standards, recently hitting several organizations with multi-million dirham fines for similar violations. As a safeguard, investors are reminded to remain skeptical of unsolicited investment offers and to exercise extreme caution with online advertisements that promise financial services without verifiable credentials.