SCA to investigate brokers suspected of overextending credit | The National:
"The Securities and Commodities Authority (SCA) is investigating brokers suspected of giving excess margin trading facilities to investors, identified as exacerbating the bear run of the Dubai Financial Market.
The country’s stock exchange regulator made the announcement after The National reported on Monday that a number of brokers had extended credit facilities in excess of that permitted by SCA regulations, with resulting margin calls extending the sell-off of shares in Arabtec and other listed entities.
Many brokers had provided investors with aggressive margin accounts with two-to-one and even three-to-one ratios, as reported."
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