• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Investments

Harding Capital Group not DFSA regulated, DIFC regulator warns

Harding Capital Group not DFSA regulated, DIFC regulator warns
  • Helen Burggraf
  • 17 July 2017
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

The Dubai Financial Services Authority, which regulates financial services businesses operating within the Dubai International Financial Centre, has issued a warning to “members of the financial services community and members of the public” about what it says are “false claims” to being DFSA-regulated by David Harding and the Harding Capital Group.

In a statement on its website, the DFSA says it “strongly advises that you do not communicate with Mr Harding, or anyone from the Harding Capital Group, and under no circumstances should you send any money to him or to the Harding Capital Group”.

Related articles

  • Dubai regulator impersonator scam warning
  • Dubai regulator suspends RCL for non-compliance
  • UAE financial services community targeted by fake DFSA scam
  • Dubai regulator warns of scam which impersonates DFSA

Harding, according to the statement, “claims to be the managing director of Harding Capital Group…

“The DFSA believes that Mr Harding may reside in the UAE, and may be offering financial and investment services through Harding Capital Group.

“The DFSA informs you that Harding Capital Group does not have, and has never had, offices in the DIFC; and is not, and has never been, licensed by the DFSA.”

An online search for a Dubai-based organisation going by the name of  “Harding Capital Group” didn’t produce any results, making it impossible to obtain a response from the company, or from Harding.

Peter Saulnier, managing director of New Jersey, US-based Harding Capital LLC, told International Investment that his company was not related to the company mentioned in the DFSA warning, and expressed concern that his company’s name might be “sullied” by its similarity to that of the other business.

“There is no relation to Harding Capital LLC, which is a NYC corporation now based in Harding Township, New Jersey,” he said.

“Harding Capital LLC has not done any business to date in Dubai or, for that matter, the United Arab Emirates.”

Scam warnings ‘routine’

Warnings of scammers that claim to be regulated are fairly routine on the part of the DFSA and other major financial services regulators, as they seek to help investors to avoid such entities, some of which have been known to claim to be regulated in jurisdictions in which they are not.

In its statement today, the DFSA invites those interested in learning more about how to avoid being scammed to visit a page that addresses this matter on its website.

It also encourages such individuals “to refer to the list of  [DFSA] regulated firms and authorised individuals licensed by the DFSA” on the DFSA’s public register.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Investments
  • Middle East
  • DIFC
  • Dubai
  • Dubai Financial Services Authority
  • Dubai International Financial Centre

More on Investments

Ride the Biden Bounce, but judiciously, deVere chief warns investors

  • Capital Markets
  • 19 January 2021
CISI extends remote testing to all global exam candidates

  • Investments
  • 08 January 2021
FCA warns of 'significant' advice price clustering

  • Investments
  • 04 December 2020
AIC consults on creating China and India sectors

  • Investments
  • 27 November 2020
Quilter Int'l launches new bonds for UK market

  • Investments
  • 26 November 2020
Back to Top

Most read

SharingAlpha's 2020 top rated funds by category revealed
SharingAlpha's 2020 top rated funds by category revealed
Duff & Phelps opens Gibraltar office
Duff & Phelps opens Gibraltar office
Brexit deals hefty blow to City but industry is ready to fight back
Brexit deals hefty blow to City but industry is ready to fight back
Comment: Are cryptocurrencies the new gold?
Comment: Are cryptocurrencies the new gold?
Tabula launches world's first Paris-aligned fixed-income ETF
Tabula launches world's first Paris-aligned fixed-income ETF
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading