Sri Lanka, Nov. 25 -- The Securities and Exchange Commission of Sri Lanka (SEC) has issued an urgent warning to the public, stating that Blue Ocean Securities Ltd is not licensed by the SEC 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 licensed or authorized 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, deposi...