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.
FINANCIAL CHRONICLE™

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

Latest topics

» Focus on Government controlled entities
by K.R Today at 8:06 am

» LOLC FINANCE PLC (LOFC.N0000)
by RAVI1980 Yesterday at 4:39 pm

» Sri Lanka cleared to borrow cheaper IDA funds by World Bank
by K.R Yesterday at 10:14 am

» PLR (Prime Lands) Next Value counter.. Fair Value Rs 20
by Anushka Perz Yesterday at 12:19 am

» NESTLE Target Price Rs.1500-INVESTMENT IN BUILDING A NEW VACUUM BAND DRYER AT THE STATE-OF-THE-ART FACTORY IN KURUNEGALA.
by Anushka Perz Yesterday at 12:15 am

» What will happen tomorrow?
by ErangaDS Mon Dec 05, 2022 9:12 am

» Paris Club proposes 10-year moratorium on Sri Lanka debt, 15 years of debt restructuring
by K.R Sun Dec 04, 2022 11:27 pm

» PMB/PLC/PINS
by K.R Sun Dec 04, 2022 8:00 pm

» Banking Sector Faces Tight Liquidity
by DeepFreakingValue Sat Dec 03, 2022 4:15 pm

» Sri Lanka: Exchange Rate Movement
by DeepFreakingValue Sat Dec 03, 2022 3:46 pm

» Fitch downgrades Sri Lanka’s rating further
by CHRONICLE™ Sat Dec 03, 2022 9:12 am

» Sri Lanka bond yields extend fall on DDR comments
by K.R Fri Dec 02, 2022 7:11 pm

» Sri Lanka banks may need more regulatory, accounting forbearance
by CHRONICLE™ Fri Dec 02, 2022 2:05 pm

» Banking Sector Vulnerability to Domestic Debt Restructuring
by God Father Fri Dec 02, 2022 9:29 am

» Palm Oil is going up again
by ErangaDS Thu Dec 01, 2022 3:09 pm

» The rupee was now ‘heavily undervalued’ based on fundamentals - Central Bank Governor Nandalal Weerasinghe
by K.R Thu Dec 01, 2022 8:58 am

» Shares to Sell
by Tax Wed Nov 30, 2022 5:36 pm

» HAPUGASTENNE PLANTATIONS PLC (HAPU.N0000)
by cheetah Wed Nov 30, 2022 10:10 am

» Will anyone else do this? Commercial Bank debentures.
by reyaz Wed Nov 30, 2022 7:18 am

» Billionaire owned listed companies faces insolvency issues in Sri Lanka
by God Father Wed Nov 30, 2022 1:45 am

LISTED COMPANIES

Submit Post


ADVERTS

Poll

EXCHANGE RATE PREDICTION: 2022

‘Gang of white collar criminals protected by restructured regulatory mechanism’ Vote_lcap16%‘Gang of white collar criminals protected by restructured regulatory mechanism’ Vote_rcap 16% [ 43 ]
‘Gang of white collar criminals protected by restructured regulatory mechanism’ Vote_lcap21%‘Gang of white collar criminals protected by restructured regulatory mechanism’ Vote_rcap 21% [ 58 ]
‘Gang of white collar criminals protected by restructured regulatory mechanism’ Vote_lcap30%‘Gang of white collar criminals protected by restructured regulatory mechanism’ Vote_rcap 30% [ 83 ]
‘Gang of white collar criminals protected by restructured regulatory mechanism’ Vote_lcap34%‘Gang of white collar criminals protected by restructured regulatory mechanism’ Vote_rcap 34% [ 93 ]

Total Votes : 277

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

MARKET CHAT


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » ‘Gang of white collar criminals protected by restructured regulatory mechanism’

‘Gang of white collar criminals protected by restructured regulatory mechanism’

2 posters

Go down  Message [Page 1 of 1]

sriranga

sriranga
Co-Admin

* Harsha lashes out at SEC:

Opposition MP and UNP Economic Spokesman Dr. Harsha De Silva issuing a statement yesterday said a gang of white collar criminals were operating in the Colombo Stock Exchange and new directives issued by the Securities and Exchange Commission (SEC) only made them stronger.

"The true colours of the controversial chairman of the SEC Dr Nalaka Godahewa has once again come to light with his statement to counter the widely publicized letter to the SEC by good governance activist K. C. Vignarajah highlighting the on-going reversal of regulations that had been formulated, according to him, ‘to minimize, as far as possible insider dealing, market manipulation, front running, pump and dump practices’," Dr. De Silva said.

"It is well known that a certain politically influential group is behind the manipulation of the CSE to swindle unsuspecting investors and the large public funds also controlled by the same group and they are being protected by the restructured regulatory mechanism," he charged.

"However, the recent coming together of eminent persons in the caliber of Chari de Silva and Mahendra Amarasuriya to fight corruption and build good governance at the CSE with Vignarajah and others goes to show that we still have a good chance of creating a financial market that investors could interact with confidence, in spite of the temporary phenomenon where a gang of white collar criminals believe that the CSE can be controlled for their own personal gain. I wish them continued strength to fight for truth and justice," the opposition lawmaker said.

Vignarajah, in an email to top SEC officials, reproduced in the media including The Island Financial Review last Monday, while expressing disappointment with the new SEC directives clearly laid down his stance, asking only for transparency and disclosure.

The SEC responded on Tuesday to say safeguards were in place but took no pains to address the concerns raised by Vignarajah, except to say regulation had reverted back to the earlier status quo, which led to many irregularities in the market in the first place.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=63932

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

Sidath

Sidath
Manager - Equity Analytics
Manager - Equity Analytics

Malaka since u speak with such confidence, I assume that u were there, personally to see and hear all this.

Remember you don't have to love your government to love your country

Back to top  Message [Page 1 of 1]

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