The Securities and Exchange Commission of Sri Lanka (SEC) has cautioned investors and the general public that Samagi Capital (Private) Limited is not licensed to operate as a stockbroker or stock dealer in the country.
The SEC said a certificate circulating on social media, which purports to grant a Broker Dealer License to the company, is fraudulent and has not been issued by the Commission. The regulator described the document as “fake and misleading.”
In its advisory, the SEC strongly urged investors not to deposit any funds into accounts linked to Samagi Capital for the purpose of trading on the Colombo Stock Exchange (CSE).
To safeguard investments, the SEC reminded the public to verify licensed intermediaries through the official websites of the SEC and CSE and to conduct transactions only via SEC‑licensed stockbroker firms.
The SEC further stressed that investor protection is paramount and urged the public to exercise due diligence and verify credentials before investing. (Newswire)