Regulatory Alerts2023-09-18
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Ex Parte Summons Re: MDollaz Ltd. (trading as ArawakX) Filed 18 Sep 2023
The Securities Commission of the Bahamas seeks a court order restraining MDollaz Ltd. (trading as ArawakX) from soliciting financial assistance from the public or handling client assets. The proposed restrictions prohibit the company from charging, pledging, borrowing, or transacting with client funds, as well as making advances to unrelated parties. These measures are intended to remain in effect until the hearing of the associated Petition or further court order.
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