SEC warns of scam by unlicenced securities firm

Wednesday, 26 November 2025 00:20 - - {{hitsCtrl.values.hits}}

The Securities and Exchange Commission of Sri Lanka (SEC) yesterday issued an urgent warning to the public, stating that Blue Ocean Securities Ltd. is not licenced and has no authority to trade in securities in Sri Lanka on behalf of investors.

The SEC further revealed that the company’s Chief Analyst and assistant are not registered investment advisors and that, according to the UK Financial Conduct Authority (FCA) Financial Services Register, Blue Ocean Securities Ltd. is not licenced or authorised by ිthe FCA.

Regulatory measures are currently being taken by the SEC and other law enforcement authorities against this entity. Investors are strongly advised not to engage in any transactions with the company, deposit money into its accounts, or join any WhatsApp groups or communication channels associated with it.

A list of licenced stockbrokers can be obtained from the SEC website (www.sec.gov.lk) or the Colombo Stock Exchange (www.cse.lk). The SEC emphasises that investors should only deal with licenced stockbrokers and open a CDS account before engaging in any securities transactions. Investors and media are urged to share this scam alert widely.