Earlier majority of retailers went against Malik Carder and Indrani Sugathadasa. Eventually they had to resign. At that time retailers were craftily mislead by some heavyweight investors and some advisors (who are insulting the dress code “smart”).
Now same thing is happening against Dr T.K (I guess).
I need to tell to the entire board of retailers that these guys are not to (mainly) blame for your unrealise losses (I’m sorry if I hurt any of you which I really do not want to do).
No market is this world safe from manipulation or any wrong doings.
I’m a very very small retailer (mostly an observer) in London stock exchange and without a shadow of a doubt I can clearly say that my money is not safe in LSE. Some price fluctuations are so enormous compare to CSE. In Sri Lanka we called it manipulation and blame SEC but London it’s called risk.
Of course there are unethical things are happening @ CSE. But the issue is we cannot control the majority of these unethical things. Also we cannot expect most of the crafty people will be prosecuted in a 3rd world country. Slowly SEC is doing what they are supposed to do. But things can be changed in any minute and that’s the nature of this business in our country.
P.S I have no connection with any of these SEC officers.