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Thilak Karunaratne initially came to SEC top position after a small chat he had with former President Mahinda Rajapaksa at Ananda College Old Boys Day and obviously that is after Indrani Sugathadasa who married Presidential Secretary Lalith Weeratunge in her second marriage ran SEC and Insurance Board of Sri Lanka without any proper knowledge.
If somebody thinks Thilak karunaratne is not 'Political stooge' it is totally incorrect.These days Sunday Times and Thiak Karunanaratne have been extensively campaigning to remove Dr.Nalaka Godahewa from Chairmanship and Sunday Times have been carrying out lots of false articles since late last year amidst a legal case is ongoing for Sunday Times for falsely reporting things related to Dr.Nalaka Godahewa and resignation of Dr. Nalaka Godahewa.
Thilak Karunarane is an Anti-Broker credit man and he even objected to give at least 20% percent broker credit to investors when Stock Brokers in the country had Assets and a Cash Surplus over Rs.3 billion in their accounts after the Stock Market uprising that occurred soon after War against Terrorism was defeated.
Thilak Karunaratne was the main curse to topple market though some media created a 'Sad Picture' of his leaving and Dr. Nalaka Godahewa had to work hard to uplift retail stock trader participation in the market within ast few months which became a success. Before Thilak Karunaratne came 44% of Stock Market retail daily turnover was contributed by retailers and with Thilak's non-practical rules the market started coming down.Accordingly retailers left the market and now retailers who are coming back to Stock Exchange is fearing and hoping to go back taking off their investments since Thilak Karunaratne is coming back.
It was market participants that appointed Dr.Nalaka Godahewa to the stock market after a meeting held with President Mahinda Rajapaksa with investors and brokers and Dr. Nalaka Godahewa is not a political appointee like Thilak Karunaratne.
If somebody thinks Thilak karunaratne is not 'Political stooge' it is totally incorrect.These days Sunday Times and Thiak Karunanaratne have been extensively campaigning to remove Dr.Nalaka Godahewa from Chairmanship and Sunday Times have been carrying out lots of false articles since late last year amidst a legal case is ongoing for Sunday Times for falsely reporting things related to Dr.Nalaka Godahewa and resignation of Dr. Nalaka Godahewa.
Thilak Karunarane is an Anti-Broker credit man and he even objected to give at least 20% percent broker credit to investors when Stock Brokers in the country had Assets and a Cash Surplus over Rs.3 billion in their accounts after the Stock Market uprising that occurred soon after War against Terrorism was defeated.
Thilak Karunaratne was the main curse to topple market though some media created a 'Sad Picture' of his leaving and Dr. Nalaka Godahewa had to work hard to uplift retail stock trader participation in the market within ast few months which became a success. Before Thilak Karunaratne came 44% of Stock Market retail daily turnover was contributed by retailers and with Thilak's non-practical rules the market started coming down.Accordingly retailers left the market and now retailers who are coming back to Stock Exchange is fearing and hoping to go back taking off their investments since Thilak Karunaratne is coming back.
It was market participants that appointed Dr.Nalaka Godahewa to the stock market after a meeting held with President Mahinda Rajapaksa with investors and brokers and Dr. Nalaka Godahewa is not a political appointee like Thilak Karunaratne.
