Dubai financial regulator orders advisory firm to pay Dh12m over failed limited-edition book scheme | The National:
"The regulator of Dubai financial free zone has ordered investment banking advisory firm Mas Clearsight to pay a total of Dh12 million in compensation to 20 investors for breaching the authority’s rules, it said.
It followed an investigation into an unusual investment scheme that was intended to fund the publication of a group of limited-edition books.
The Dubai Financial Services Authority (DFSA) said it chose to censure the company and direct it to pay the compensation instead of fining it because of MAS’s financial position. The advisory company is currently being liquidated."
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