SL’s stock market watchdog warns against Blue Ocean Securities
View(s):The Securities and Exchange Commission of Sri Lanka (SEC) on Thursday urged the public not to engage with the entity operating as Blue Ocean Securities Ltd or its mobile application BOMate for investing in the Colombo Stock Exchange (CSE). This entity is not licensed by the SEC to function as a market intermediary, the SEC said in its second warning, in recent times, over this unlicenced operator.
Individuals identified as Rohan Dias (claiming to be Chief Analyst) and Natasha Perera (claiming to be his Assistant) are not licensed by the SEC, and two impersonators are currently using these names. The SEC has lodged a formal complaint with the Criminal Investigation Department (CID) regarding this unlicensed entity.
Additionally, the Colombo Stock Exchange (CSE) has also lodged a separate complaint with the CID. The CID has commenced investigations, and the SEC has provided all related complaints and bank account details connected to this entity to the CID.
The SEC strongly urges the public not to deposit any funds into any bank account provided by this entity and to exercise extreme caution when engaging in investment related activities.
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