The Securities and Exchange Commission of Sri Lanka (SEC) has issued a strong warning to the general public not to engage with an entity operating as Blue Ocean Securities Ltd. (BOSL) or its mobile application BOMate for investments in the Colombo Stock Exchange (CSE).
In a press release, the SEC stated that Blue Ocean Securities Ltd. is not licensed by the Commission to operate as a market intermediary in Sri Lanka. Therefore, engaging with this entity for stock market investments is illegal.
The SEC also revealed that individuals identifying themselves as Rohan Dias, who claims to be the Chief Analyst, and Natasha Perera, who claims to be his Assistant, are not licensed by the SEC. The Commission further noted that impersonators are currently using these names in connection with unauthorized operations.
A formal complaint has been lodged with the Criminal Investigation Department (CID) by the SEC regarding the activities of this entity. In addition, the Colombo Stock Exchange (CSE) has filed a separate complaint with the CID. Investigations have already commenced, and the SEC has provided the CID with all related complaints and bank account details linked to the entity.
The SEC has strongly urged the public not to deposit any funds into bank accounts provided by Blue Ocean Securities or related parties. The Commission also advised investors to exercise extreme caution when engaging in any investment-related activities and to ensure that institutions and individuals are properly licensed before investing.
The SEC reiterated its commitment to protecting investors and maintaining the integrity of Sri Lanka’s capital market.
