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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Poll: What would be the impact of the changes at the SEC?

Poll: What would be the impact of the changes at the SEC?

In your opinion what would be the impact of the changes at the SEC?

Poll: What would be the impact of the changes at the SEC? Vote_lcap56%Poll: What would be the impact of the changes at the SEC? Vote_rcap 56% [ 70 ]
Poll: What would be the impact of the changes at the SEC? Vote_lcap31%Poll: What would be the impact of the changes at the SEC? Vote_rcap 31% [ 38 ]
Poll: What would be the impact of the changes at the SEC? Vote_lcap13%Poll: What would be the impact of the changes at the SEC? Vote_rcap 13% [ 16 ]
Total Votes : 124

Poll closed

Go down  Message [Page 1 of 1]

Jeremy

Jeremy
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
This poll is to determine the impact of the changes taking place at th the SEC. Feel free to cast your vote.



Last edited by GMNet on Sat Sep 29, 2012 8:50 am; edited 2 times in total

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics
In the short term, I anticipate that the market will rise, which is good for traders and those looking for an exit route. (This assumes that foreign investors do not withdraw.)

There is likely to be less regulation, which is good for those who push prices up and down, to make a quick buck. If you are wise, there's money to be made.

But I voted: 'Bad for the Market'.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
In any country where law & order does not exist dispensing equality among public it causes to launch gradual civil unrest once the tolerance level is exceeded. Such an environment damages the good spirits of human behavior which had impact on development targets. Unless correct measures are taken, not in line with political motive but for the majority benefit, end results will be unpredictable.
There should be a long term vision on capital market concerned protecting both local & overseas investors. Fake rallies at intervals are not good signals for the market future. Independent & strong regulator is required with the full support from top without unwanted interference in carrying out his duties & responsibilities.

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
@Antonym wrote:In the short term, I anticipate that the market will rise, which is good for traders and those looking for an exit route. (This assumes that foreign investors do not withdraw.)

There is likely to be less regulation, which is good for those who push prices up and down, to make a quick buck. If you are wise, there's money to be made.

But I voted: 'Bad for the Market'.

I think we must understand the SEC fiasco. Those who are opposing the present practices of SEC are not market manipulators. Why I oppose present SEC practices?

1. All the regulatory action during past two years are implemented on ad-hoc basis, they just behave like primary school principles. Which is not supposed to happen and not expected from regulators?

2. See the comments they make about the country's capital market; See the very recent comments. How brave they are? But have they managed to take action against any of the culprits during last two years?

3. Look at the violations and unethical practices carried out by so called blue chips and their directors in last two - three years. What action they took?

4. What are the objectives of the SEC? What they made to achieve those objectives during last three years? Have they served the purpose of the SEC?

5. At the COPE they lamented, " 95% of the market is controlled by less than 5% of the investors? This is true from the inception of the CSE, except for late 2009 to 2011, during which this 5% was reduced to about 3%. Who chased away or destroyed the small investors from CSE. What tangible steps they took to broad base the CSE?

5. Always market was controlled by few investors who do had the capacity. So what's the real problem now? It's the battle between two factions within this few cash rich investors to decide, who should control the market? Cash rich elite who controlled the market before 2009 or the cash rich new comers who got the control after 2009. IT'S SIMPLY A CLASS BATTLE.

WHAT WE SHOULD DECIDE NOW IS "SHOUL WE ALLOW THIS BATTLE TO CONTINUE AGAINST the NATIONAL INTERESTS?"

I THINK TIME HAS COME TO RE-CONSTITUTE THE ENTIRE SEC FOR THE SAKE OF ENTIRE STAKE HOLDERS, specially the 95% who are less affluent, and highly affected by the present SEC, who are very inconsistent and bias.


aj


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I remember when Thilak came to SEC first thing he did was stop SEC from making news. Only official announcements.

Thilak was definitely going with investigations. He kicked the hornets nest. That's why there was huge pressure to remove him. This is nothing to do with the declining stock market, the Innocent investors, blah blah. For criminals the threat is the investigations. Nothing else. This is what's all about.

If a policeman stopped a criminal in a dark tinted SUV and if the criminal ran over the policeman killing the man, can you say the policeman did nothing to stop the criminals?

Now they have killed off two SEC chiefs. This will continue this until a male prostitute of the criminals get the seat.

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
@aj wrote:I remember when Thilak came to SEC first thing he did was stop SEC from making news. Only official announcements.

Thilak was definitely going with investigations. He kicked the hornets nest. That's why there was huge pressure to remove him. This is nothing to do with the declining stock market. For criminals the threat is the investigations. Nothing else.

If a policeman stopped a criminal in a dark tinted SUV and if the criminal ran over the policeman killing the man, can you say the policeman did nothing to stop the criminals?

Now they have killed off two SEC chiefs. This will continue this until a male prostitute of the criminals get the seat.


I also thought the same. Refer my article on the day he was appointed.

http://forum.srilankaequity.com/t14322-signs-of-good-governance-under-new-sec-chief-01-media-handling

But after that he was uttering everything here and there. He was talking to even gossip media units also.

He went to courts against Melstar corp, and later completely withdrawn the case. He let the Harry J to fool the entire market. He made a mockery in TFC-NSB case. If he doesn't have a back bone he should promptly go, without trying to hold the position for the perks.

Most are thinking he is resigning because he took action against market manipulators. But his case is a different one.




SECsux


Manager - Equity Analytics
Manager - Equity Analytics
Time to remove Thilaks face from equity forum homepage.

protech88


Stock Analytic
Stock Analytic
Tilak Karunaratne is an old Anandian and Anandian do it the correct way like General fonseka etc and wont bow down to criminals or thugs !!!

He did his job on a honorary basis w/o Salary , perks or anything . If he toed the line of the Mafia he would have made millions !!

Its Good to have Honest Gentlemen like this in a country of pimps even who will sell their mother if the price right !!!

oops


Manager - Equity Analytics
Manager - Equity Analytics
@protech88 wrote:Tilak Karunaratne is an old Anandian and Anandian do it the correct way like General fonseka etc and wont bow down to criminals or thugs !!!

He did his job on a honorary basis w/o Salary , perks or anything . If he toed the line of the Mafia he would have made millions !!

Its Good to have Honest Gentlemen like this in a country of pimps even who will sell their mother if the price right !!!
There can be outliers among Anandians too.

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Very good 1st posts by hariesha & aj. Clearly shows the two sides of the story.
Well done guys.

However I dont know whos gonna come so voted dont know. Whoever comes whoever goes I'll be in the market.

11Poll: What would be the impact of the changes at the SEC? Empty Agreed... Mon Aug 20, 2012 12:08 pm

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@SECsux wrote:Time to remove Thilaks face from equity forum homepage.
Agreed - Anti Market, Anti Free Market Face.... Looks like Lenin...

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
@protech88 wrote:Tilak Karunaratne is an old Anandian and Anandian do it the correct way like General fonseka etc and wont bow down to criminals or thugs !!!

He did his job on a honorary basis w/o Salary , perks or anything . If he toed the line of the Mafia he would have made millions !!

Its Good to have Honest Gentlemen like this in a country of pimps even who will sell their mother if the price right !!!

Why Anandian's are worried; LBO says why?

"Karunaratne, a former politician turned businessman donated his entire salary from the SEC to the old boys association of his alma mater."

He has told investors that he is doing an honorary job at SEC. But he has actually drawn the salary. Donating it to his alma mater or anyone else is a personal issue, not an honorary thing to investors or SEC.

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Unless the core issues are addressed correctly (which is very unlikely ) that nothing going to change.
There is a Sinhala saying " ඉස රදේට කොට්ටේ මාරු කරනවා වගේ " & this is one such move only.

ughettiarachchi


Stock Analytic
Stock Analytic
My recommendations to new chairman

1) Explain to media the role of stock market and how it works
2) Start talking to all stakeholders and get their views before issuing further directives
3) invite goverment funds to be active again
4) promote foregn funds
5) protect the retailers and support them
6) finish the investigations and announce results fast

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
SEC Needs combination of Dr TK and
DR NG

I mean regulation introduce by DrTK to achieve main stated objectives of SEC should be implement by Dr NG
Because he(Dr NG) can get the support of" MAIN " stake holders of stock market in this
country.I do not wish to comment on ethical standard of MAIN stake holders
Any way stock market is not a Temple
According to SEC website SEC was established in order to"Promote,devolop'
and maintain capital market that is fair,efficient.orderly and transparent

SEC and all of us responsible for maintaining level playing field in stock market.This poll clearly shows majority think only their personal gains.Some people try
to use public funds and manipulate further
Under these conditions people will try to withdraw their money as soon as possible.
That is what happening now
Pl try to under stand ground situation




Last edited by D.G.Dayaratne on Sat Oct 27, 2012 12:14 pm; edited 5 times in total (Reason for editing : typing mistake)

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
No posts after my comment Now two days gone

Do all agree with that?

I request SEC to provide environment for a level playing
field in the stock market

Then real investors( foreign and local )will come gradually
Pl do not support crooks and manipulates even by word

That is the responsibility of SEC and all investors



Last edited by D.G.Dayaratne on Mon Oct 29, 2012 12:33 pm; edited 1 time in total (Reason for editing : Typing mistake)

Zero1


Equity Analytic
Equity Analytic
Very Happy

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