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SEC has lifted (removed) the rules imposed by section 6.3 of Automated Trading Rules.
This will allow 'White Collar crooks' of banking sector and finance sector and investment banking sector to cross a share parcel below 5% or even greater which means even below 10% or even 15% or even 20% where retailers and small and medium entrepreneurial foreign and local stock traders to lose big time.
BFI or Banking & Finance and Insurance Sector is the largest contributor for Daily market turnover.And this will benefit all mergers and acquisitions to happen at cheaper prices and they might do daily trading dumping to retailers whilst crossings are going on and returning back to same hands.
Stock Brokers too will artificially work out to 'Pump & Dump' for retailers and market will crash.
SEC has taken a non-intelligent decision to help DFCC-NDB and SAMPATH Bank, LB Finance, Vallibel Finance, PABC, Nations Trust Bank, The Finance, Seylan Merchant Leasing Mergers and this will also allow foreigners to buy large share parcels to cross at very cheaper prices and then to dump at a large capital gain for retailers of this country.
We should take over Colombo Stock Exchange and Regulator at World Trade Centre Level 29 of East Tower and Below like 'Occupy Wall Street'.
We should tite this as 'Occupy Colombo Stock Exchange Regulator' who has helped white collar criminal activity to continue at a time when market is going up.
Very Bad this is what happen when so called 'Bureaucrats' come to seats just to satisfy their circle of friends.
This will allow 'White Collar crooks' of banking sector and finance sector and investment banking sector to cross a share parcel below 5% or even greater which means even below 10% or even 15% or even 20% where retailers and small and medium entrepreneurial foreign and local stock traders to lose big time.
BFI or Banking & Finance and Insurance Sector is the largest contributor for Daily market turnover.And this will benefit all mergers and acquisitions to happen at cheaper prices and they might do daily trading dumping to retailers whilst crossings are going on and returning back to same hands.
Stock Brokers too will artificially work out to 'Pump & Dump' for retailers and market will crash.
SEC has taken a non-intelligent decision to help DFCC-NDB and SAMPATH Bank, LB Finance, Vallibel Finance, PABC, Nations Trust Bank, The Finance, Seylan Merchant Leasing Mergers and this will also allow foreigners to buy large share parcels to cross at very cheaper prices and then to dump at a large capital gain for retailers of this country.
We should take over Colombo Stock Exchange and Regulator at World Trade Centre Level 29 of East Tower and Below like 'Occupy Wall Street'.
We should tite this as 'Occupy Colombo Stock Exchange Regulator' who has helped white collar criminal activity to continue at a time when market is going up.
Very Bad this is what happen when so called 'Bureaucrats' come to seats just to satisfy their circle of friends.
Last edited by Business Basil on Tue Sep 23, 2014 11:50 am; edited 1 time in total
