The Securities and Exchange Commission of Sri Lanka (SEC) cautioned the public of a growing number of unsolicited phone calls from people claiming to be agents of international stock broker firms offering to facilitate investments in shares of companies traded in offshore jurisdictions with a promise of guaranteed high returns.
The regulator of the stock exchange said that the list of stock broker firms licensed by it is available on its website sec.gov.lk or the website of the Colombo Stock Exchange cse.lk. SEC stated that it neither regulates nor grants licences to anyone to operate in other jurisdictions or to act for international stock broker firms.