FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» Is 12th a holiday CSE
by samaritan Today at 4:04 pm

» RWSL RWSL rwsl
by stockchaser Today at 3:08 pm

» South Asia’s first Disneyland to come up in Sri Lanka
by samaritan Today at 1:42 pm

» Crypto , Digital Currency Trading , Forex
by Kevinmikegrit Today at 12:17 pm

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by stockchaser Today at 11:01 am

» LOLC Share Price
by madukp Today at 1:27 am

» Daily Foreign Transactions
by Pradeep90 Yesterday at 7:53 pm

» TALAWAKELLE TEA ESTATES PLC (TPL.N0000)
by lakymahesh Yesterday at 6:20 pm

» Sri Lanka bans palm oil imports, tells producers to uproot plantations
by CHRONICLE™ Yesterday at 3:22 pm

» VALLIBEL ONE PLC (VONE.N0000)
by wealth123 Yesterday at 3:18 pm

» Raigam wayamba salt RWSL.N
by Rational Investor Yesterday at 2:35 pm

» B P P L HOLDINGS PLC (BPPL.N0000)
by Bakka1988 Yesterday at 1:33 pm

» BROWNS INVESTMENTS PLC (BIL.N0000)
by madukp Yesterday at 12:33 pm

» ASPI Prediction by HNWI
by samaritan Yesterday at 9:09 am

» Price prediction on GRAN and TAFL
by desh87 Yesterday at 3:31 am

» දර්ශක අගයන් 8200 -9000 මට්ටමට හෝ ඉන් ඔබ්බට ජූලී මාසේ එන්න පුලුවන්
by kalu351 Thu Apr 08, 2021 11:25 pm

» The goal is to make money, not to prove you're right and the stock market is wrong. Stock market for beginners
by Asoka Samarakone Thu Apr 08, 2021 10:07 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by EquityChamp Thu Apr 08, 2021 9:59 pm

» Potential shares for a short term gain
by EquityChamp Thu Apr 08, 2021 9:51 pm

» Sri Lanka Rupee Under Pressure Again. Selling Rate Of USD Recoarded At Rs.203.50
by Miss-Sangeetha Thu Apr 08, 2021 9:06 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » SEC comes down hard on tipsters?

SEC comes down hard on tipsters?

Go down  Message [Page 1 of 1]

1SEC comes down hard on tipsters? Empty SEC comes down hard on tipsters? Thu Mar 08, 2012 2:18 pm

MarketSIRA


Senior Equity Analytic
Senior Equity Analytic
SEC comes down hard on tipsters; Manipulative journos also in sights
Date:2012-03-08 12:41:00
Link: http://www.ceylontoday.lk/22-3232-news-detail-sec-comes-down-hard-on-tipsters.html

By Amrith Gunasekara

Sri Lanka’s capital market watchdog- Securities and Exchange Commission (SEC) which earlier even housed regulators who had vested interests with stock brokers according to sources has recently started questioning financial journalists in the country diverting the watchdog’s original goal with related to maintaining a proper regulatory framework, Ceylon FT learns.

Accordingly market sources point out that SEC, which earlier even housed regulators who had vested interests with stock brokers, has recently sent a letter to a journalist who was formally attached to a prestigious electronic media house in the country. The SEC is reportedly probing as to how the journalist in question had originally come out with a story on a stock market transaction, by an emerging investor on the day, whereas the transaction had been executed nearly six months earlier.


“The question is whether our regulators are doing the right thing, in the world, the objective of the journalist is to break the news as it happens and they can report news; it does not have anything to do with inside trading or manipulation,” a stock market analyst told Ceylon FT.

He went on to pinpoint that when considering the international media reporting on stock market activities many prestigious media houses in the world have reported about stock market transactions when investors buy and sell on the same day and that it had nothing to do with market share price hikes or manipulation.

It is learnt that SEC has send a letter to a journalist who initially broke the story of an emerging investor buying 77 million shares of Pan Asian Power (PAP), for Rs 6 per share in a deal valued at Rs.460 million on 6 June 2011 according to reports. However market data had later outlined that the buyer had slowly sold quantities of the same counter on the same day and later whilst PAP traded as high as Rs.7.70 and above in intra-day trade.

“There are enough cases to be investigated by SEC such as when a particular stockbroker’s top official has 30% of a finance company and when such a finance company’s share that worth less than Rs.1.70 on introduction suddenly shoots up to Rs.18.60 and on the second day to Rs.27.90 with few internal trades; those are the cases to be investigated” another analyst highlighted.

According to him shares such as of Nanda Finance and Investments Ltd (NIFL) only 100 shares were traded at Rs 18.60 on 20 July, 2011 and on 21 July; 825,100 shares traded at 27.90 per share whilst he noted that paying Rs. 27.90 for a share having 11 months EPS of Rs. 0.34 and NAVPS of Rs. 4.53 as per the introductory document is just an unwise investor.

Similarly another investor and an analyst said that SEC should investigate shares such as Lanka Orix Finance Company (LOFC) which had risen over Rs.12 (Introductory price Rs.5) on the first day through introduction were shed (52 million shares at Rs.12 per share on 22 September 2011) by its second largest shareholder India Focus Cardinal Fund (100 million shares or 3.57%, as at 21 September 2011), whereas on the same day Indian media reports said that Securities and Exchange Board of India (SEBI) banned India Focus Cardinal Fund, which was the second largest shareholder of LOFC and four other international funds from the Indian stock market for their alleged role in stock manipulation and insider trading.

“Such cases have never even been investigated by our market watchdog” a top analyst said. (Ceylon Today Online)

2SEC comes down hard on tipsters? Empty Re: SEC comes down hard on tipsters? Thu Mar 08, 2012 2:43 pm

sriranga

sriranga
Co-Admin
“The question is whether our regulators are doing the right thing, in the world, the objective of the journalist is to break the news as it happens and they can report news; it does not have anything to do with inside trading or manipulation,”


“There are enough cases to be investigated by SEC such as when a particular stockbroker’s top official has 30% of a finance company and when such a finance company’s share that worth less than Rs.1.70 on introduction suddenly shoots up to Rs.18.60 and on the second day to Rs.27.90 with few internal trades; those are the cases to be investigated”

Thanks for sharing.

http://sharemarket-srilanka.blogspot.co.uk/

3SEC comes down hard on tipsters? Empty Re: SEC comes down hard on tipsters? Thu Mar 08, 2012 2:48 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
I also have a suggestion specially for dailly FT
don't write article using unnamed, undisclosed expert recommendation , opinion in news paper

4SEC comes down hard on tipsters? Empty Re: SEC comes down hard on tipsters? Thu Mar 08, 2012 3:17 pm

Deva


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Typical government style. Instead of punishing the wrong doer, they punish the media.

5SEC comes down hard on tipsters? Empty Re: SEC comes down hard on tipsters? Thu Mar 08, 2012 5:07 pm

aj


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@MarketSIRA wrote:
It is learnt that SEC has send a letter to a journalist who initially broke the story of an emerging investor buying 77 million shares of Pan Asian Power (PAP), for Rs 6 per share in a deal valued at Rs.460 million on 6 June 2011 according to reports. However market data had later outlined that the buyer had slowly sold quantities of the same counter on the same day and later whilst PAP traded as high as Rs.7.70 and above in intra-day trade.

Good move.
This must be Dil buying PAP. And those thieves went to courts against TNL who told that black is black.
These things are usually well planned. Get the word out, pay up journalists and brokers and whoever out there, and then start dumping.

6SEC comes down hard on tipsters? Empty Re: SEC comes down hard on tipsters? Thu Mar 08, 2012 5:19 pm

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
I don't see anything wrong here. Because in some deals even media was involved. On this PAP transaction day, most of the mobile users got a media alert (from A** Derana) saying, so and so acquired this much of stake in PAP. They use the media to make the hype and exit on the same day at a very high profit.

7SEC comes down hard on tipsters? Empty Re: SEC comes down hard on tipsters? Thu Mar 08, 2012 5:47 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
High power backed manipulations, no one can't stop.
We are wasting our time and energy.

8SEC comes down hard on tipsters? Empty Re: SEC comes down hard on tipsters? Thu Mar 08, 2012 7:30 pm

SECsux


Manager - Equity Analytics
Manager - Equity Analytics
Dear SEC,first find a replacement for Malik,It's been a long time know? Very Happy Very Happy Very Happy

9SEC comes down hard on tipsters? Empty Re: SEC comes down hard on tipsters? Thu Mar 08, 2012 11:21 pm

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Journalist are doing a great job by being the whilst blowers. SEC is trying to kill the messenger.. What a pathetic situation. What is media freedom if SEC is trying to investigate the motives of the Journalists.

It's high time that Media ministry get involved to safeguard the freedom of the media.

10SEC comes down hard on tipsters? Empty Re: SEC comes down hard on tipsters? Fri Mar 09, 2012 6:10 pm

lemuria


Manager - Equity Analytics
Manager - Equity Analytics
@Quibit wrote:Journalist are doing a great job by being the whilst blowers. SEC is trying to kill the messenger.. What a pathetic situation. What is media freedom if SEC is trying to investigate the motives of the Journalists.

It's high time that Media ministry get involved to safeguard the freedom of the media.

There should be freedom of speech in the forum first. How to have freedom, independence, justice and fair when these are not available in ordinary families, society & finally in the country.

11SEC comes down hard on tipsters? Empty Re: SEC comes down hard on tipsters? Fri Mar 09, 2012 6:38 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
Media freedom and manipulation and spreading stories are different.
If something is true media freedom is there. But when something is not there and media saying it is there and retailers who read article get burn then there is a problem.

12SEC comes down hard on tipsters? Empty Re: SEC comes down hard on tipsters? Fri Mar 09, 2012 7:43 pm

mark

mark
Expert
Expert
just ridiculous..... wondering whether we want SEC Rolling Eyes Evil or Very Mad

13SEC comes down hard on tipsters? Empty Re: SEC comes down hard on tipsters? Mon Jul 21, 2014 6:53 pm

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics
SEC is planning on a new recruitment drive.

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum