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

LISTED COMPANIES

Submit Post

Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by EPS Today at 3:33 pm

» SEMB the ASPH
by wmsameera Today at 3:24 pm

» Top crossings today
by SAGA Today at 2:53 pm

» LAUGFS GAS PLC (LGL.N0000)
by Wickyz Today at 2:06 pm

» Sri Lanka’s 213 billion rupee money printing to repay foreign debt: Treasury Secretary explains
by CITIZEN Today at 11:25 am

» Oman shows interest in SLAF HQ land and Chalmer’s Granary
by dayandacool Today at 11:03 am

» HVA FOODS PLC (HVA.N0000)
by prabath Today at 10:05 am

» EXPOLANKA HOLDINGS PLC Interim Financial Statements quarter ended 30th June 2021
by mah2903 Today at 2:59 am

» ලාභ ගන්න කොටස් වලින් මේක සම්පූර්ණයෙන්ම කියවන්න
by ColomboCSE Today at 12:37 am

» Shares to Buy
by Cma Today at 12:02 am

» Successful investment strategies require an understanding of the forces of stock market nature, and disciplined rules of portfolio management.
by Asoka Samarakone Sat Jul 31, 2021 9:12 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Niwa Sat Jul 31, 2021 8:53 pm

» Directors' Dealings today
by SAGA Sat Jul 31, 2021 6:02 pm

» Top Foreign Trading today
by SAGA Sat Jul 31, 2021 5:59 pm

» CHEVRON LUBRICANTS LANKA PLC (LLUB.N0000)
by Antonym Sat Jul 31, 2021 5:37 pm

» Boga unusual Collection....
by Wickyz Fri Jul 30, 2021 1:14 pm

» MILLENNIUM HOUSING DEVELOPERS PLC (MHDL.N0000)
by jehan008 Fri Jul 30, 2021 1:11 pm

» Sri Lanka FOB prices for black tea highest in the world
by samaritan Fri Jul 30, 2021 12:18 pm

» DPL Take over
by Vishwanarth Fri Jul 30, 2021 12:12 pm

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
by dayandacool Fri Jul 30, 2021 10:09 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka's main opposition concerned over resignation of third senior SEC official in a year

Sri Lanka's main opposition concerned over resignation of third senior SEC official in a year

5 posters

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Mar 26, Colombo: Sri Lanka's main opposition United National Party (UNP) has expressed concern over the resignation of the third senior official of the Securities and Exchange Commission (SEC) in one year.

UNP parliamentarian Eran Wickramaratne said it is disappointing that SEC Director General, Prof. Hareendra Dissabandara had resigned from the post citing his inability to continue in the post based on his principles.

Prof. Dissabandara said on last Friday (22) that he has submitted his resignation from the post of Director-General effective May 27. He has not given any specific reason for his decision.

Issuing a statement, Wickramaratne pointed out that former Chairpersons of the SEC, Indrani Sugathadasa and Thilak Karunaratne had resigned within a period of nine months.

He noted that the resignations were a clear indication that all was not well at the SEC.

"Professionals attempting to carry out their tasks without fear and favor are coming under intense pressure," he said.

Wickramaratne explained that the number of referrals to the SEC has increased from 30 in 2010 to over 45 in the first six months of 2012 and the action warranted had on the other hand seen a decline.

"There were 17 pending cases in 2011, many of which were concluded. COPE was unable to draw a conclusion as to whether these cases were satisfactorily handled," the UNP has noted.

SEC chairman Dr. Nalaka Godahewa has said that he could not understand the Director-General's decision to resign on May 27 since his term expires anyway by May 31.

Former SEC chairwoman Indrani Sugathadasa resigned from the post in December 2011 due to the pressure from the stock brokers.

Karunaratne resigned from the post of Chairman claiming that he was under tremendous pressure from some investors who are under investigation for malpractices at the Colombo Stock Exchange.
http://www.colombopage.com/archive_13A/Mar26_1364278531JR.php

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
There appears to be 2 sides to story.

mark

mark
Expert
Expert
his term is over,so he should go

he did what his former boss told him,this guy just barked before term end and trying to prove he is genuine,

ane me wage ********

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
i dont know why opp politicians making such a huge shout ......

as correctly stated by MARK...his term is over and he has to go....

as simple as that cheers

sorry guys he is from my school....but facts are facts no one can hide...

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Opposition usually capitalize on any potential development. Sometimes to their benefit.

What we need is a Opposition to support Govn in good things and stand up for the bad. Most times what opposition stands up is for useless/ factually weak things and no real outcome happens.

It appears a reduction in manipualtion recently. But this is bear period. But to confirm corrective measures have been taken we need to wait for a bull market to see how much less manipulation is done.


Btw, still PMB,REEF, HVA,CLND,LHCL, EAST , GREG etc etc are clear cut manipulations ( prices soared without fundamental reasons) where no actions seems/will be taken.

There are lot of culprit here.

econ

econ
Global Moderator
It is very difficult to work honestly in public entities these days because politicians from top to bottom interfere regularly.

Sponsored content


Back to top  Message [Page 1 of 1]

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