SEC warns public against dealings with Quantum AI

Sri Lanka
By Editor_1
-economynext.com

COLOMBO – Sri Lanka’s Securities and Exchange Commission (SEC) has warned the public against depositing funds or engaging in trading and investment activities with Quantum AI Limited, saying the company is not authorized to conduct regulated capital market activities in the country.

In a notice issued through its official X account, the SEC said Quantum AI Limited was not licensed, registered or authorized by the SEC to provide securities trading, investment services or any other regulated capital market activities in Sri Lanka.

“The public is strongly advised not to deposit funds, invest, or engage in any trading or investment activities through Quantum AI Limited,” the SEC said.

The regulator also urged investors to verify the credentials of any company or intermediary before committing funds and to deal only with market intermediaries authorized by the SEC.

“Before investing, always verify that the entity is duly licensed or registered by the SEC. Protect your investments. Deal only with SEC-authorized market intermediaries,” it said.

Officials of Quantum AI Limited were not immediately available for comment on the SEC warning.

The warning comes amid increasing concerns over unauthorized entities soliciting investments and deposits from the public by promising high returns.

Last week, the Central Bank of Sri Lanka also warned the public against investing in plantation companies that are not regulated by the Central Bank.

-ENCL

Editor_1
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