The Capital Market Development Authority (CMDA) has issued a public advisory warning against unregistered securities and unlicensed investment services being offered to the public.

The advisory comes amid reports of unauthorised companies and individuals in the Maldives offering investment opportunities and trading various types of securities without proper authorisation. The CMDA noted that such entities have been promoting financial schemes promising returns through unlicensed investment activities, particularly via social media platforms.

The Authority emphasised that services such as the operation of investment funds, fund management, and investment advisory are required to be licensed by the CMDA. It urged the public to verify the legitimacy of any investment offer and ensure that the provider is authorised before participating in such schemes.

The CMDA also encouraged individuals to report any suspected unlicensed investment activity to the Authority. Information about registered funds and licensed investment advisors is publicly available on the CMDA’s official website. The Authority stressed the importance of verifying this information before making any investment decisions to ensure public financial safety.

The Capital Market Development Authority is an independent institution established under the Maldives Securities Act, responsible for regulating and developing the country’s capital market.