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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » The SEC educates the CID

The SEC educates the CID

3 posters

Go down  Message [Page 1 of 1]

1The SEC educates the CID Empty The SEC educates the CID Thu Dec 26, 2013 9:45 pm

sriranga

sriranga
Co-Admin
The Securities and Exchange Commission of Sri Lanka (SEC) as the regulator of the capital market of Sri Lanka is committed towards promoting, developing and maintaining a capital market that is fair, efficient, orderly and transparent. Increasing financial literacy to attain the above mentioned is of utmost importance and is among the top priorities of the SEC.

Accordingly, the SEC conducts seminars and workshops locally as well as internationally. In keeping with the aforesaid commitment a seminar was conducted by the SEC for the officials of the Criminal Investigation Department (CID) to enhance their knowledge on the capital market and its developments.

It covered operations of the capital market, securities law and market irregularities with emphasis on money laundering.

The seminar was conducted by Mr. Dhammika Perera, Officer – in-Charge/Deputy Director General of the SEC. A seminar of this caliber is considered as vital in an era when the world is collectively looking at combating organized forms of crime which are not only financially strengthened but also propagated through global financial markets.

The SEC will continue to work with law enforcement institutions to increase financial literacy among professionals and to curb various market irregularities with the aim maintaining fair, efficient, orderly and transparent markets.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=94763

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

2The SEC educates the CID Empty Re: The SEC educates the CID Thu Dec 26, 2013 10:57 pm

K.Haputantri

K.Haputantri
Co-Admin
Thanks Shri for sharing.
As far as I know it is the SEC who has power to prosecute offenders under SEC Act, not CID.

3The SEC educates the CID Empty Re: The SEC educates the CID Fri Dec 27, 2013 7:47 am

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
This is not a genuine effort to prevent corruption

This is to show they are doing some thing. Normal practice

under Mahinda Chithanaya

4The SEC educates the CID Empty Re: The SEC educates the CID Fri Dec 27, 2013 11:34 am

K.Haputantri

K.Haputantri
Co-Admin
@D.G.Dayaratne wrote:This is not a genuine effort to prevent corruption

This is to show they are doing some thing. Normal practice

under Mahinda Chithanaya
Well said Daya.

I challange the SEC to tell the public at least one instance of strict regulatory action taken against manipulators and insider traders leading to imprisonment of the culprits as did by the US authorities.

Former SEC boards were active at least to fine the culprits but the new lot is useless, doing nothing but globe trotting. A bunch of ... They "regulate" by word of mouth, media releases and road shows. As a result, net foreign inflows have been reduced drastically compaired to previous years.



Last edited by K.Haputantri on Fri Dec 27, 2013 12:02 pm; edited 1 time in total

5The SEC educates the CID Empty Re: The SEC educates the CID Fri Dec 27, 2013 11:45 am

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
The police has enough work to do

If the govt wants to  do genuine job

they can appoint independent professionals to CSE

and allow them to work

independently with out influnce

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