Warning from the Palestinian Capital Market Authority Regarding Calls for Unregulated Investment Operations

Economy SadaNews - Based on the regulatory and supervisory role of the Capital Market Authority and its responsibility to protect participants in the non-banking financial sector and educate the public, and in conjunction with the international organization of securities commissions (IOSCO) monitoring worldwide, the authority issues an urgent warning about the spread of financial fraud operations that lure the public and investors.

The authority indicated that these operations are not like other traditional fraud schemes, but are organized and long-term operations, where fraudsters lure the public through fake text messages or social media. The authority affirms that the global losses resulting from this type of fraud are estimated at tens of billions of dollars, and that the Palestinian public is not far from this danger, as these operations target everyone, regardless of age or educational level.

The Capital Market Authority values the public's commitment to engaging in conscious and responsible transactions and underscores the importance of exercising caution regarding any unofficial offers or events promoted through social media, and not falling for any dubious or unreliable financial promises. It offers a set of tips and guidelines for the general public:

If you receive a promotion via social media for a meeting aimed at improving your living conditions through the use of artificial intelligence and trading in global and foreign markets by an unlicensed entity, or a message aiming to invest from an unknown number, ignore the message and delete it immediately.

Investment communication should only occur through official channels; ignore calls to conduct conversations via encrypted applications like WhatsApp or Telegram away from official communication platforms.

The only entity authorized to grant licenses to operate in the Palestine Exchange or global and foreign financial markets is the Capital Market Authority.

Do not rely on promises of "quick profits" or "exclusive opportunities".

Do not trust any investment advice that comes from someone who contacted you unsolicited via the internet, application, or text message.

Research and verify through official channels about any investment opportunity before taking any action.

Do not share your information with any individual or unofficial channel, no matter how convincing they may seem.

Report the Capital Market Authority and security agencies immediately about any suspicious activity or dubious communication.