You may not like this, but this is the truth

After brokers and manipulators got rid of the regulators and putting forth their own reign in the market there were news articles cautioning about the dangers of bubbles. A responsible and forward thinking media should be doing just that, inform the public.

And then there are many posts even in here, even from the questionable broker firms talking about opposition, people and parties who want to do damage to the country etc. and using this love of the country as a cattle prod to urge the retailers, the Government even the leader to do what they want, to taken them to where they want, to get them what they want. They say it's for the love of the country. A fine example is this. http://forum.srilankaequity.com/t13599-topic#88581

Let's face it. They don't care about the country, culture, history, the next generation, or whatever. What matters is they have put money in the market and they want to see it double tomorrow not getting it half next month. In 2009 and 2010 after the war that's exactly what has happened and these people have got used to that, or have seen it, like drug addicts. That's exactly what they want. But these shares represent real companies and sooner or later they have to represent those companies, how they perform. Around July 2010 these shares were completely detached from the companies they represented. It was like virtual stock market game. And thanks the former SEC, the market was a bit tamed. And now these brokers and manipulators want to take us back to that mad days. And these people don't care what the outcome is as long as they can make money. These brokers don't care as long as they get the commission. These big players don't care as long as they make millions. These patriotic retail traders don't care as long as they make a bit of money from the side lines.

These people don't care about the country, they will flock to buy shares of a company whose chemicals would be killing thousands of parents leaving their children as orphans if only they can double their money. They will stay silent as long as it doesn't kill them. They only want to double their money. (What happened to those chemical containers patriotics?)

These people don't care about the culture or religion, they will grab the shares even if they're slaughterhouses, even if they didn't eat meat on poya days previously, but they'll gladly be owners of a slaughterhouse, even if the companies fill people in cancer hospitals, even if fathers finish of all their earnings to the company's main product, liquor, if the company is the number one in pollution, even if the company uses people as slaves, if it's a ten bagger. They won't care.

And you know what. I don't think we had these forums before the war. But if that was case, these people would have opposed the war in 2007, 2008 even if not publicly and ask for negotiations with the terrorists, not because of any reason, because their stock prices were going down. They would be shouting at the government, what the hell are you doing, they will cry stop the war, talk with the terrorists, they will blame the government, we're losing our money. you're destroying the economy, stop the war, surrender, do whatever to make the market up.

And the terrorists were defeated. They were so happy. Now what they see is massive growth, massive profits, massive development, tourism, blah blah. Not because of anything. Because they want to see their money get doubled in the stock market.

When manipulators took your money you cried SEC what are you doing, these manipulators are taking our money, do something. Manipulations is bad not because of anything but because you lost money.

When SEC tried to catch the thieves you cried, what are you doing, you're getting rid of big players. You didn't want it to because you lost money.

And then when the manipulators got rid of the regulators, you all cheered, for the same brokers and manipulators who stole your money, who got your pension fund. Not because of anything, just because of the greed for money, you want to see your shares go up.

This puny little colombo stock market doesn't represent the Sri Lanka. How does this 200+ companies represent your country. You don't even want new companies add up not because of any other reason because you don't want to see your shares going down.

You don't care what happens to the country. You only want to make money. Even if the whole economy, our banks, our financial systems collapses because of the nonexistent money, because of gambling, because of the casino, because of expensive junk, because of the illegal activities, because of the crimes, you don't care as long as it's a ten bagger.

Educate the ignorant.

duke wrote:After brokers and manipulators got rid of the regulators and putting forth their own reign in the market there were news articles cautioning about the dangers of bubbles. A responsible and forward thinking media should be doing just that, inform the public.

And then there are many posts even in here, even from the questionable broker firms talking about opposition, people and parties who want to do damage to the country etc. and using this love of the country as a cattle prod to urge the retailers, the Government even the leader to do what they want, to taken them to where they want, to get them what they want. They say it's for the love of the country. A fine example is this. http://forum.srilankaequity.com/t13599-topic#88581

Let's face it. They don't care about the country, culture, history, the next generation, or whatever. What matters is they have put money in the market and they want to see it double tomorrow not getting it half next month. In 2009 and 2010 after the war that's exactly what has happened and these people have got used to that, or have seen it, like drug addicts. That's exactly what they want. But these shares represent real companies and sooner or later they have to represent those companies, how they perform. Around July 2010 these shares were completely detached from the companies they represented. It was like virtual stock market game. And thanks the former SEC, the market was a bit tamed. And now these brokers and manipulators want to take us back to that mad days. And these people don't care what the outcome is as long as they can make money. These brokers don't care as long as they get the commission. These big players don't care as long as they make millions. These patriotic retail traders don't care as long as they make a bit of money from the side lines.

These people don't care about the country, they will flock to buy shares of a company whose chemicals would be killing thousands of parents leaving their children as orphans if only they can double their money. They will stay silent as long as it doesn't kill them. They only want to double their money. (What happened to those chemical containers patriotics?)

These people don't care about the culture or religion, they will grab the shares even if they're slaughterhouses, even if they didn't eat meat on poya days previously, but they'll gladly be owners of a slaughterhouse, even if the companies fill people in cancer hospitals, even if fathers finish of all their earnings to the company's main product, liquor, if the company is the number one in pollution, even if the company uses people as slaves, if it's a ten bagger. They won't care.

And you know what. I don't think we had these forums before the war. But if that was case, these people would have opposed the war in 2007, 2008 even if not publicly and ask for negotiations with the terrorists, not because of any reason, because their stock prices were going down. They would be shouting at the government, what the hell are you doing, they will cry stop the war, talk with the terrorists, they will blame the government, we're losing our money. you're destroying the economy, stop the war, surrender, do whatever to make the market up.

And the terrorists were defeated. They were so happy. Now what they see is massive growth, massive profits, massive development, tourism, blah blah. Not because of anything. Because they want to see their money get doubled in the stock market.

When manipulators took your money you cried SEC what are you doing, these manipulators are taking our money, do something. Manipulations is bad not because of anything but because you lost money.

When SEC tried to catch the thieves you cried, what are you doing, you're getting rid of big players. You didn't want it to because you lost money.

And then when the manipulators got rid of the regulators, you all cheered, for the same brokers and manipulators who stole your money, who got your pension fund. Not because of anything, just because of the greed for money, you want to see your shares go up.

This puny little colombo stock market doesn't represent the Sri Lanka. How does this 200+ companies represent your country. You don't even want new companies add up not because of any other reason because you don't want to see your shares going down.

You don't care what happens to the country. You only want to make money. Even if the whole economy, our banks, our financial systems collapses because of the nonexistent money, because of gambling, because of the casino, because of expensive junk, because of the illegal activities, because of the crimes, you don't care as long as it's a ten bagger.

Educate the ignorant.

I wonder how much you are paid for putting articles here,taking long time and writing long articles to discourage people.market will fly soon,don't sell.

Most people know the bitter truth, but are reluctant to openly admit it because it is a threat to their diminishing portfolio value. Others live in a fools paradise!

It Bitter.But it is the TRUTH
.Everyone should understand the theory behind the prevailing market conditions.
duke.Unfortunately very few knows about the ground situation.

When manipulators took your money you cried SEC what are you doing, these manipulators are taking our money, do something. Manipulations is bad not because of anything but because you lost money.

When SEC tried to catch the thieves you cried, what are you doing, you're getting rid of big players. You didn't want it to because you lost money.

this is trading, not investing!!

quote from duke's post;

'When SEC tried to catch the thieves you cried, what are you doing, you're getting rid of big players. You didn't want it to because you lost money. '

SEC's fake hunting could cacth only few paid workers in SEMB according to media.If they wanted to cacth real ppl who involved in insider trading/manipulating they have many ways to do that without going behind 'halmessa'

duke wrote:After brokers and manipulators got rid of the regulators and putting forth their own reign in the market there were news articles cautioning about the dangers of bubbles. A responsible and forward thinking media should be doing just that, inform the public.

And then there are many posts even in here, even from the questionable broker firms talking about opposition, people and parties who want to do damage to the country etc. and using this love of the country as a cattle prod to urge the retailers, the Government even the leader to do what they want, to taken them to where they want, to get them what they want. They say it's for the love of the country. A fine example is this. http://forum.srilankaequity.com/t13599-topic#88581

Let's face it. They don't care about the country, culture, history, the next generation, or whatever. What matters is they have put money in the market and they want to see it double tomorrow not getting it half next month. In 2009 and 2010 after the war that's exactly what has happened and these people have got used to that, or have seen it, like drug addicts. That's exactly what they want. But these shares represent real companies and sooner or later they have to represent those companies, how they perform. Around July 2010 these shares were completely detached from the companies they represented. It was like virtual stock market game. And thanks the former SEC, the market was a bit tamed. And now these brokers and manipulators want to take us back to that mad days. And these people don't care what the outcome is as long as they can make money. These brokers don't care as long as they get the commission. These big players don't care as long as they make millions. These patriotic retail traders don't care as long as they make a bit of money from the side lines.

These people don't care about the country, they will flock to buy shares of a company whose chemicals would be killing thousands of parents leaving their children as orphans if only they can double their money. They will stay silent as long as it doesn't kill them. They only want to double their money. (What happened to those chemical containers patriotics?)

These people don't care about the culture or religion, they will grab the shares even if they're slaughterhouses, even if they didn't eat meat on poya days previously, but they'll gladly be owners of a slaughterhouse, even if the companies fill people in cancer hospitals, even if fathers finish of all their earnings to the company's main product, liquor, if the company is the number one in pollution, even if the company uses people as slaves, if it's a ten bagger. They won't care.

And you know what. I don't think we had these forums before the war. But if that was case, these people would have opposed the war in 2007, 2008 even if not publicly and ask for negotiations with the terrorists, not because of any reason, because their stock prices were going down. They would be shouting at the government, what the hell are you doing, they will cry stop the war, talk with the terrorists, they will blame the government, we're losing our money. you're destroying the economy, stop the war, surrender, do whatever to make the market up.

And the terrorists were defeated. They were so happy. Now what they see is massive growth, massive profits, massive development, tourism, blah blah. Not because of anything. Because they want to see their money get doubled in the stock market.

When manipulators took your money you cried SEC what are you doing, these manipulators are taking our money, do something. Manipulations is bad not because of anything but because you lost money.

When SEC tried to catch the thieves you cried, what are you doing, you're getting rid of big players. You didn't want it to because you lost money.

And then when the manipulators got rid of the regulators, you all cheered, for the same brokers and manipulators who stole your money, who got your pension fund. Not because of anything, just because of the greed for money, you want to see your shares go up.

This puny little colombo stock market doesn't represent the Sri Lanka. How does this 200+ companies represent your country. You don't even want new companies add up not because of any other reason because you don't want to see your shares going down.

You don't care what happens to the country. You only want to make money. Even if the whole economy, our banks, our financial systems collapses because of the nonexistent money, because of gambling, because of the casino, because of expensive junk, because of the illegal activities, because of the crimes, you don't care as long as it's a ten bagger.

Educate the ignorant.

Duke

Some of ur valuable points i can agree with you, You interpreted every investor's mentality and the behavior. As you know everyone (Including you) comes to the market for making the gain, that is real nature the investors. However the present context is the difference, the mkt is in the hand of some few people ( Manipulators), they run the mkt as they want. That has to be stoped. I am very optimistic, this behavior would sort out as CSE intiated some risk mgt process.

Rajaraam wrote:quote from duke's post;

'When SEC tried to catch the thieves you cried, what are you doing, you're getting rid of big players. You didn't want it to because you lost money. '

SEC's fake hunting could cacth only few paid workers in SEMB according to media.If they wanted to cacth real ppl who involved in insider trading/manipulating they have many ways to do that without going behind 'halmessa'

Exactly said, Regulators alos biased.

Did they catch the traders who manipulate the PAP to Rs.9
Did they catch the traders who manipulate the PMB to Rs.35
Did they catch the traders who manipulate the LHCL to Rs.110
Did they catch the traders who manipulate the HVA to Rs.80
Did they catch the traders who manipulate the ESL to Rs.72

You can add lots, If the regulators ask from me , i can finger those. But they have done is As Rajaraam said for the shake of doing they just caught small traders who bought 5000 of SEMB ( Just trade for Rs.15,000) shares.

Do they think are we fool ?.

seyon wrote:

Rajaraam wrote:quote from duke's post;

'When SEC tried to catch the thieves you cried, what are you doing, you're getting rid of big players. You didn't want it to because you lost money. '

SEC's fake hunting could cacth only few paid workers in SEMB according to media.If they wanted to cacth real ppl who involved in insider trading/manipulating they have many ways to do that without going behind 'halmessa'

Exactly said, Regulators alos biased.

Did they catch the traders who manipulate the PAP to Rs.9
Did they catch the traders who manipulate the PMB to Rs.35
Did they catch the traders who manipulate the LHCL to Rs.110
Did they catch the traders who manipulate the HVA to Rs.80
Did they catch the traders who manipulate the ESL to Rs.72

You can add lots, If the regulators ask from me , i can finger those. But they have done is As Rajaraam said for the shake of doing they just caught small traders who bought 5000 of SEMB ( Just trade for Rs.15,000) shares.

Do they think are we fool ?.

Well said, seyon !

seyon wrote:

Rajaraam wrote:quote from duke's post;

'When SEC tried to catch the thieves you cried, what are you doing, you're getting rid of big players. You didn't want it to because you lost money. '

SEC's fake hunting could cacth only few paid workers in SEMB according to media.If they wanted to cacth real ppl who involved in insider trading/manipulating they have many ways to do that without going behind 'halmessa'

Exactly said, Regulators alos biased.

Did they catch the traders who manipulate the PAP to Rs.9
Did they catch the traders who manipulate the PMB to Rs.35
Did they catch the traders who manipulate the LHCL to Rs.110
Did they catch the traders who manipulate the HVA to Rs.80
Did they catch the traders who manipulate the ESL to Rs.72

You can add lots, If the regulators ask from me , i can finger those. But they have done is As Rajaraam said for the shake of doing they just caught small traders who bought 5000 of SEMB ( Just trade for Rs.15,000) shares.

Do they think are we fool ?.

Well sayed mate "Naduth Hamuduruwange Baduth Hamuduruwande"

well for me it doesnt make much sense being selective on the stocks in the secondary market on matters of principal be it liquor,poultry etc. no one will be financing the businesses (which do not agree with their personal beliefs) in the secondary market n investors must be investors seeking value for a market to function optimally. Business of business is business !! thats not an ethical violation!

in a 3rd world country, all the manipulators cannt to be prosecuted. Whoever is trying invest at CSE should know about that in the 1st place.

People should not expect wonders from SEC.

seyon wrote:

Rajaraam wrote:quote from duke's post;

'When SEC tried to catch the thieves you cried, what are you doing, you're getting rid of big players. You didn't want it to because you lost money. '

SEC's fake hunting could cacth only few paid workers in SEMB according to media.If they wanted to cacth real ppl who involved in insider trading/manipulating they have many ways to do that without going behind 'halmessa'

Exactly said, Regulators alos biased.

Did they catch the traders who manipulate the PAP to Rs.9
Did they catch the traders who manipulate the PMB to Rs.35
Did they catch the traders who manipulate the LHCL to Rs.110
Did they catch the traders who manipulate the HVA to Rs.80
Did they catch the traders who manipulate the ESL to Rs.72

You can add lots, If the regulators ask from me , i can finger those. But they have done is As Rajaraam said for the shake of doing they just caught small traders who bought 5000 of SEMB ( Just trade for Rs.15,000) shares.

Do they think are we fool ?.

Thanks all for your ideas , I had HVA.N averaged to around 14.00 & I sold it in the middle of the rally, by any chance if I knew our intelligent investors buy that even for 79.00 damn I would have waiting with my whole bunch till then.

seyon wrote:

Rajaraam wrote:quote from duke's post;

'When SEC tried to catch the thieves you cried, what are you doing, you're getting rid of big players. You didn't want it to because you lost money. '

SEC's fake hunting could cacth only few paid workers in SEMB according to media.If they wanted to cacth real ppl who involved in insider trading/manipulating they have many ways to do that without going behind 'halmessa'

Exactly said, Regulators alos biased.

Did they catch the traders who manipulate the PAP to Rs.9
Did they catch the traders who manipulate the PMB to Rs.35
Did they catch the traders who manipulate the LHCL to Rs.110
Did they catch the traders who manipulate the HVA to Rs.80
Did they catch the traders who manipulate the ESL to Rs.72

You can add lots, If the regulators ask from me , i can finger those. But they have done is As Rajaraam said for the shake of doing they just caught small traders who bought 5000 of SEMB ( Just trade for Rs.15,000) shares.

Do they think are we fool ?.

well said.. that is why I always say that SEC interventions only aggravate the situation.
just give market players to decide market behavior. harm is far less than the harm of SEC intervention.

econ wrote:

seyon wrote:

Rajaraam wrote:
SEC's fake hunting could cacth only few paid workers in SEMB according to media.If they wanted to cacth real ppl who involved in insider trading/manipulating they have many ways to do that without going behind 'halmessa'

Exactly said, Regulators alos biased.

...

Do they think are we fool ?.

well said.. that is why I always say that SEC interventions only aggravate the situation.
just give market players to decide market behavior. harm is far less than the harm of SEC intervention.

You wishes are all granted real big manipulators took over the SEC. Now they can punish themselves.

duke wrote:After brokers and manipulators got rid of the regulators and putting forth their own reign in the market there were news articles cautioning about the dangers of bubbles. A responsible and forward thinking media should be doing just that, inform the public.

And then there are many posts even in here, even from the questionable broker firms talking about opposition, people and parties who want to do damage to the country etc. and using this love of the country as a cattle prod to urge the retailers, the Government even the leader to do what they want, to taken them to where they want, to get them what they want. They say it's for the love of the country. A fine example is this. http://forum.srilankaequity.com/t13599-topic#88581

Let's face it. They don't care about the country, culture, history, the next generation, or whatever. What matters is they have put money in the market and they want to see it double tomorrow not getting it half next month. In 2009 and 2010 after the war that's exactly what has happened and these people have got used to that, or have seen it, like drug addicts. That's exactly what they want. But these shares represent real companies and sooner or later they have to represent those companies, how they perform. Around July 2010 these shares were completely detached from the companies they represented. It was like virtual stock market game. And thanks the former SEC, the market was a bit tamed. And now these brokers and manipulators want to take us back to that mad days. And these people don't care what the outcome is as long as they can make money. These brokers don't care as long as they get the commission. These big players don't care as long as they make millions. These patriotic retail traders don't care as long as they make a bit of money from the side lines.

These people don't care about the country, they will flock to buy shares of a company whose chemicals would be killing thousands of parents leaving their children as orphans if only they can double their money. They will stay silent as long as it doesn't kill them. They only want to double their money. (What happened to those chemical containers patriotics?)

These people don't care about the culture or religion, they will grab the shares even if they're slaughterhouses, even if they didn't eat meat on poya days previously, but they'll gladly be owners of a slaughterhouse, even if the companies fill people in cancer hospitals, even if fathers finish of all their earnings to the company's main product, liquor, if the company is the number one in pollution, even if the company uses people as slaves, if it's a ten bagger. They won't care.

And you know what. I don't think we had these forums before the war. But if that was case, these people would have opposed the war in 2007, 2008 even if not publicly and ask for negotiations with the terrorists, not because of any reason, because their stock prices were going down. They would be shouting at the government, what the hell are you doing, they will cry stop the war, talk with the terrorists, they will blame the government, we're losing our money. you're destroying the economy, stop the war, surrender, do whatever to make the market up.

And the terrorists were defeated. They were so happy. Now what they see is massive growth, massive profits, massive development, tourism, blah blah. Not because of anything. Because they want to see their money get doubled in the stock market.

When manipulators took your money you cried SEC what are you doing, these manipulators are taking our money, do something. Manipulations is bad not because of anything but because you lost money.

When SEC tried to catch the thieves you cried, what are you doing, you're getting rid of big players. You didn't want it to because you lost money.

And then when the manipulators got rid of the regulators, you all cheered, for the same brokers and manipulators who stole your money, who got your pension fund. Not because of anything, just because of the greed for money, you want to see your shares go up.

This puny little colombo stock market doesn't represent the Sri Lanka. How does this 200+ companies represent your country. You don't even want new companies add up not because of any other reason because you don't want to see your shares going down.

You don't care what happens to the country. You only want to make money. Even if the whole economy, our banks, our financial systems collapses because of the nonexistent money, because of gambling, because of the casino, because of expensive junk, because of the illegal activities, because of the crimes, you don't care as long as it's a ten bagger.

Educate the ignorant.

lol! so true

econ,I think rules has to be their in the market to control ,but it has to be same for all. Not one rule to SEMB and one to HVA. If loop holes are their has to be correct. That why SEC officals paid for. To moniter and proper control of the market.

Same way Duke, now all are behind the money only. First priority. Not thinking about the country or even thier family. This not only in the share market it is common for every ware. from top to down. Every thing has a price. Not like early days. This is the gift we got from Free Economy

manula wrote:econ,I think rules has to be their in the market to control ,but it has to be same for all. Not one rule to SEMB and one to HVA. If loop holes are their has to be correct. That why SEC officals paid for. To moniter and proper control of the market.

Same way Duke, now all are behind the money only. First priority. Not thinking about the country or even thier family. This not only in the share market it is common for every ware. from top to down. Every thing has a price. Not like early days. This is the gift we got from Free Economy

More than 1/3 of economies in the world follow free economic policies. This is not a gift of free economy freind. To my view it is a question of good governance.

I agree with Duke.

I also believe that the SEC treated the stock market like a bit of a witch hunt in the way they went about things. A case of too much too soon, but there is no denying that the SEC did what they did with good intentions.

I am the biggest advocate against credit. Markets around the world will always rise and fall on the credit cycle which is pretty much what we experienced here. Credit is the reason this market moved away from any sort of fundamentals.

The SEC were responsible for the start of the credit contraction cycle and now the market eagerly awaits for credit to start expanding before the market follows suit.

The stock market is not flawed in that it inherently favors the rich. There is always a winner and a loser, but the problem is that the winners are always the rich and their connected brokers. Nobody actually felt the loss because of easy credit until now. If credit didn't get curtailed, this cycle would have kept going and the effect would be even more devastating in the future so better late than never. Imagine if the market hit 9000 like some predicted and then crashed to 5500.

aj wrote:

econ wrote:

seyon wrote:

Rajaraam wrote:
SEC's fake hunting could cacth only few paid workers in SEMB according to media.If they wanted to cacth real ppl who involved in insider trading/manipulating they have many ways to do that without going behind 'halmessa'

Exactly said, Regulators alos biased.

...

Do they think are we fool ?.

well said.. that is why I always say that SEC interventions only aggravate the situation.
just give market players to decide market behavior. harm is far less than the harm of SEC intervention.

You wishes are all granted real big manipulators took over the SEC. Now they can punish themselves.

Why now? Why not then? When they were in the power they went behind clerks of a small finance company. How can say that they wanted eradicate all bad thing truely. All nonsense.

Well said duke.
In this forum, I noticed most of us are not willing to understand or accept the reality.
Most of the threads leading to utterly nonsense gossips.
Where the most of the participants want to show others that they are well informed and intelligent.

OK if we come to the discussion, the situation in CSE couldn't be rectified by anyone.
Everyone praising he finished that, he will do that and this. Nothing will happen mates.
Because the entire system in the third world countries are rubbish and the guys who are running the shows are pretending that they are safe guarding the nation, but investing their money every where.(which is coming as bribe etc etc)
If we want to gain, use our intelligence not the theory or exit CSE.
Bitter truth need to be accepted.
Nothing personal.

In my opinion the SEC, Credit, Brokers should be ignored and one must look at the companies in the market.

The companies and their performance are the ones which make the CSE and they are being ignored and petty selfish external factors are taking lead in our investment decisions. There are so many positive things happening around us and it is completely ignored. One should look at the long term and not think that the whole market is working thanks to brokers, their credit and revamp of the SEC! Not true!

Cheers!

UKboy wrote:in a 3rd world country, all the manipulators cannt to be prosecuted. Whoever is trying invest at CSE should know about that in the 1st place.

People should not expect wonders from SEC.

Actually SEC behaviour wonders us....!!!!
And completely agree with seyon.

UKboy wrote:in a 3rd world country, all the manipulators cannt to be prosecuted. Whoever is trying invest at CSE should know about that in the 1st place.

People should not expect wonders from SEC.

what makes you think it's any different anywhere else, be it the third or the first world.

It's just that our manipulators & government lack the subtlety & guile of the 1st world ones.

mono wrote:

UKboy wrote:in a 3rd world country, all the manipulators cannt to be prosecuted. Whoever is trying invest at CSE should know about that in the 1st place.

People should not expect wonders from SEC.

what makes you think it's any different anywhere else, be it the third or the first world.

It's just that our manipulators & government lack the subtlety & guile of the 1st world ones.

Whoever is crying for a 100% tough and genuine SEC, please come forward and let me know any crystal clear governing body in Sri Lanka?

Ofcourse we need to have a good SEC but there's no chance it can be a 100% genuine governing body.

you need to lookafter your own money. Simple as that...! .

Let me give u a very basic and small example..

Someone I know is on holidays thesedays in Sri Lanka.
Yesterday that person was coming from kandy to colombo and suddenly he was stopped by police near Gxxxx. A single white line on the road was crossed and yes it was his own stupidity. He could have gone to the courts but Rs XXX.XX made the difference.

Similar sort of things are happening at CSE , SEC in different scales.. You and I cannt do much about these unlawful things