SEC and Central Bank warn public of rising investment schemes
- CNL Reporter
- March 6, 2025
- Banking and Financial
- Central Bank
- 0 Comments
The Securities and Exchange Commission of Sri Lanka (SEC) has recently raised concerns about a growing trend of investment schemes promoting offshore market opportunities.
The regulator cautioned the public about a rise in unsolicited calls from individuals, claiming to represent international stockbroker firms, offering to facilitate investments in shares of companies traded in offshore jurisdictions, with promises of guaranteed high returns.
“The SEC does not regulate or grant licences to anyone to operate in other jurisdictions or to act as agents of international stockbroker firms,” the SEC stated in a notice to the public.
To verify the legitimacy of the stockbroker firms, the investors are advised to refer to the official list of licensed stockbrokers listed on the SEC’s website or the Colombo Stock Exchange website.Meanwhile, the Central Bank also issued a warning yesterday.
