The Securities and Exchange Commission of Sri Lanka (SEC) has issued a warning to the public of a scam, 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. Issuing a statement, 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. The SEC stated that regulatory measures are currently being taken…
SEC warns public against unlicensed Blue Ocean Securities Scam
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