SEC Issues Urgent Warning Against Fraudulent Firm “Samagi Capital”

June, 2, 2026

The Securities and Exchange Commission of Sri Lanka (SEC) has issued a public notice warning investors about the activities of Samagi Capital (Private) Limited, confirming that the firm is not licensed to operate as a stockbroker or stock dealer in the country.

The regulator's warning follows the discovery of a fraudulent certificate currently circulating on social media. This fake document purports to grant a Broker Dealer License to Samagi Capital, but the SEC has explicitly stated that the certificate is misleading and was never issued by their office.

Investor Safety Precautions In light of this discovery, the SEC is strongly advising the general public not to deposit any funds into accounts associated with Samagi Capital (Private) Limited for the purpose of trading on the Colombo Stock Exchange (CSE).

To protect against such scams, the SEC recommends that all investors:

  • Verify licenses through the official websites of the SEC or the Colombo Stock Exchange (CSE).
  • Conduct transactions exclusively through stockbroker firms that hold a valid SEC license.

The commission emphasized that investor protection is of utmost importance and urged the public to exercise thorough due diligence before committing any funds to an investment.

 

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