A judiciary committee set up by Dubai's ruler has ordered to distribute the assets of troubled brokerage Golden Gate Securities to its creditors, as the emirate moves to show it is protecting investors' interests.

The UAE regulator Securities and Commodities Authority (SCA) suspended Golden Gate Securities in 2007 for breaching market regulations, affecting around 3000 investors.

Dubai's government is keen to demonstrate to the international financial community that it is stepping up its regulatory and judiciary efforts in the wake of Dubai World's $26 billion debt restructuring.

Concerns were raised in the aftermath of the debt trouble in Dubai and the wider region about the whether authorities and regulators are operating in a transparent manner.

Dubai recently set up a special tribunal that will handle potential complaints related to the fallout of Dubai World's debt restructuring.

'It's worth noting here that the SCA suspended the company from trading for failing to adhere strictly to the laid down rules and regulations which aimed at protecting the rights of all investors on the market,' the regulator said in a statement.

It did not give the value of the claims against Golden Gate.

The committee also ruled that the company's partners must pay the shortfall in the total due to the clients, while the non-UAE partners are not allowed to leave the country until the full amount is repaid. – Reuters