The Securities and Exchange Commission of Sri Lanka has issued a public warning that Samagi Capital (Private) Limited is not licensed to operate as a stockbroker or stock dealer in the country, after a fraudulent broker-dealer licence certificate purporting to come from the regulator began circulating on social media.
The SEC described the document as “fake and misleading” and confirmed it had not been issued by the Commission. The regulator strongly urged investors not to deposit funds into accounts linked to Samagi Capital for the purpose of trading on the Colombo Stock Exchange.
In its advisory the SEC reminded the public to verify licensed intermediaries through the official websites of the SEC and CSE, and to conduct transactions only via licensed stockbroker firms. The Commission stressed that investor protection is paramount and urged due diligence and credentials verification before investing.
The warning lands during a sustained CSE rally, with retail participation expanding and the IMF’s combined fifth and sixth review highlighting the importance of investor confidence in Sri Lanka’s broader recovery. The SEC has been active in policing impersonation schemes that piggyback on the stock market’s rising profile, including earlier listed-issuer disclosure cases pulled into market scrutiny.
Source: Newswire.
