Sri Lanka, June 17 -- Capital market regulator the Securities and Exchange Commission (SEC) has raised fresh concerns over what it believes is the re-emergence of individuals linked to previously flagged foreign investment schemes, warning investors to exercise extreme caution after receiving complaints against a newly launched entity operating under the name 'Evolute'.
The regulator had previously dealt with complaints involving Copreus, a company that allegedly made unsolicited calls to members of the public encouraging them to invest in foreign stock markets.
According to Securities and Exchange Commission (SEC) Acting Director General Thushara Jayaratne, investor complaints against Copreus prompted investigations by the Criminal Inves...