The Securities and Exchange Commission of Sri Lanka (SEC) has issued an urgent public alert warning investors against engaging with Blue Ocean Securities Ltd, stating that the entity is not licensed to operate in Sri Lanka’s capital market.

According to the SEC, Blue Ocean Securities Ltd has no authority to trade in securities on behalf of investors, and neither its so-called Chief Analyst nor his assistant is registered as an Investment Advisor. The regulator also noted that checks with the UK’s Financial Conduct Authority (FCA) show the company is not licensed or authorized in the United Kingdom either.

The SEC said regulatory measures are currently underway in coordination with other law-enforcement agencies to address the activities of this unlicensed entity.

Investors have been strictly advised not to deposit funds, not to engage in any securities-related transactions, and not to join any WhatsApp groups or communication channels associated with Blue Ocean Securities.

The regulator further reminded the public that the official list of licensed stockbrokers is available at sec.gov.lk/who-we-regulate and the Colombo Stock Exchange website, cse.lk. The SEC reiterated that investors must open a CDS account through a licensed stockbroker before entering the market.

⚠️ SCAM ALERT – BLUE OCEAN SECURITIES LTD ⚠️
The Securities and Exchange Commission of Sri Lanka (SEC) warns the public that:

🛑Blue Ocean Securities Ltd is NOT licensed by the SEC and has no authority to trade in securities in Sri Lanka on behalf of investors.
🛑Its Chief… pic.twitter.com/gZa02ouHsw

— SEC SL - Capital Market Development & Awareness (@SEC_SriLanka) November 25, 2025