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Golden Gate deposits seized
- United Arab Emirates: Thursday, March 01 - 2007 at 06:29
The UAE's market regulator has seized $2.7m deposits from Golden Gate Securities, a brokerage company which has been banned from activities on UAE capital markets, Arabian Business reports. All brokerage offices have to deposit $2.7m to guarantee investors' rights. DFM said previously that Golden Gate's 3,000 investors will not lose their money.
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James McInerney, News EditorThursday, March 01 - 2007 at 06:29 UAE local time (GMT+4)
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This article was updated on Sun Apr 22 2007.
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