SCA warns investors against unlicensed Top Profit marketing firm, Instagram influencer borajb

UAE regulator warns investors against unlicensed marketing firm and online influencer

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Abu Dhabi: The Securities and Commodities Authority (SCA) has issued a warning to investors against dealing with Top Profit Marketing Services, saying the company is not licensed to carry out any financial activities or services regulated by the authority.

The SCA stressed it bears no responsibility for any transactions made with the firm and urged investors to verify the legitimacy of entities before signing agreements or making transfers to avoid falling victim to fraud.

In a separate advisory, the regulator also cautioned the public about an individual identified as “borajb” who operates Instagram accounts under the names borajb_trade and borajb_crypto.

The authority said he is not registered as a licensed financial influencer or in any other authorised capacity.

 SCA reminded the public to check its official website for the list of accredited financial influencers before acting on recommendations, underscoring the risks of unverified advice in the digital marketplace.

With over 30 years of journalistic experience spanning from Jordan to the UAE, Khitam has spent the past 22 years reporting on national and regional news from Dubai, with a strong focus on the UAE, GCC and broader Arab affairs. As Chief News Editor, she brings extensive expertise in delivering breaking and engaging news to readers. Beginning her tenure as a translator, she advanced through roles as Senior Translator and Chief Translator before transitioning to editorial positions, culminating in her current leadership role. Her responsibilities encompass monitoring breaking news across the UAE and the broader Arab region, ensuring timely and accurate dissemination to the public.​ Born into a family of journalists, Khitam's passion for news was ignited early in life. A defining moment in her youth occurred in September 1985 when she had the opportunity to converse with the late British Prime Minister Margaret Thatcher during her visit to a Palestinian refugee camp north of Amman. During this encounter, Khitam shared her family's experiences of displacement from their home in Palestine and their subsequent refuge in Jordan. This poignant interaction not only deepened her understanding of geopolitical issues but also solidified her commitment to pursuing a career in journalism, aiming to shed light on the stories of those affected by regional conflicts. Khitam’s commitment to accurate and timely reporting drives her to seek out news that interests readers, making her a trusted source for news on the UAE and the broader Gulf region.

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