The Securities and Exchange Commission of Sri Lanka (SEC) has issued a strong warning against individuals and groups publishing investment-related content on social media without proper authorisation. In a notice issued today, the regulator said that any content amounting to investment recommendations must not be made unless the person is a Registered Investment Advisor or an entity licensed by the SEC. It said such posts, made without a proper basis or licence, mislead the public and carry significant legal consequences. The SEC said it will take strict action against those who violate these requirements, adding that anyone contravening Part 5…
Ride the Bull, Don’t Become One! Warning from SEC
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