SL’s stock market watchdog warns rogue traderNewsThe Securities and Exchange Commission of Sri Lanka (SEC) on Thursday urged the public not to engage with the entity operating as Blue Ocean Securities Ltd or its mobile application BOMate for investing in the Colombo Stock Exchange (CSE). This entity is not licensed by the SEC to function as a market intermediary, the SEC said in its second warning, in recent times, over this rogue trader. The SEC has lodged a formal complaint with the Criminal Investigation Department (CID) regarding this unlicensed entity. Additionally, the Colombo Stock Exchange (CSE) has also lodged a separate complaint with the CID. The CID has commenced investigations, and the SEC has provided all related complaints and bank account details connected to this entity to the CID.

Source: Sunday Times January 15, 2026 09:13 UTC