The Securities and Exchange Commission of Sri Lanka (SEC) has recently expressed concern over a growing trend of investment schemes promoting offshore market opportunities.

The regulator warned the public about an increase in unsolicited calls from individuals claiming to represent international stockbroking firms, offering to facilitate investments in shares of companies traded in offshore jurisdictions, promising guaranteed high returns.

“The Securities and Exchange Commission does not regulate or license anyone to operate in other jurisdictions or to act as agents of international stockbroking firms,” ​​the Securities and Exchange Commission said in a statement to the public.

To verify the legitimacy of stockbroking firms, investors are advised to refer to the official list of licensed stockbrokers listed on the Securities and Exchange Commission’s website or the Colombo Stock Exchange website.

Meanwhile, the Central Bank also issued a warning yesterday.