A leading official at Morgan Gatsby Limited (MGL) has been fined $87,500 by the Dubai Financial Services Authority (DFSA) for "multiple serious breaches" of its legislation. The Dubai Financial Services Authority (DFSA) fined Ajay Arora $87,500 (approximately Dh321,000), prohibited him from holding office or being an employee of a regulated DIFC firm, and restricted him from performing any functions in connection with the provision of Financial Services in or from the Dubai International Financial Centre (DIFC). As Senior Executive Officer (SEO), he had ultimate responsibility for the...
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