I am an investment advisor attached to a broker firm. Even though I don’t approve each and every decision made by the SEC/CSE, I am happy to say that my firm, my CEO or me are not a part of this “stock market mafia” I am proud of that and I don’t agree with what’s happening right now at the market.
A classmate of mine who is a journalist attached to a leading news paper had gone to the press conference organized by Dilith Jayaweera yesterday. At the conference he (DJ) had said that it is wrong for the SEC to send letters and create “fear psychosis” within investors. When a journalist questioned him further he had mentioned the SEC had leaked those information to the media (about investigations too) and created this. One journalist had said that it may be the people who received those letters who leaked these letters to media. DJ had said theoretically it can be.
The most interesting thing is that Nistar Cassim of Daily FT had been sitting there at the conference. Daily FT is the paper who first published that the SEC has sent letters and the SEC is creating a fear psychosis. Why didn’t Nistar C didn’t clarify it there, whether he got those things form the SEC or from investors. As a journalist he cannot give out names but at least he should have mentioned the party that he got this information. i.e from the SEC or investors. If it is from the SEC then the SEC or the government can take action against the person/s who leaked that information. If it is not true is it ethical to blame SEC for that?
The most interesting fact is that, Nistar C had tried to clarify/answer a question asked by a journalist from Dilith and the journalist had told Nisthar C that “ who are you to answer the question, I asked it from Dilith, you are a media man like us ” and Nisthar C had kept quiet. Other people had laughed out
Now we know who is doing what and these things will confirm all those stories going around
If someone has contacts with FT please ask them to clarify this. How he got those information. From the SEC or not. Then we will have a clear picture