Mr. Shiriyan, CEO of LOLC Stock Brokerage, Mr. Dimuthu, CEO of ASHA Brokerage, Mr. Jaliya of Frist Capital Brokerage were the first to take part in the proceedings. Following the official announcement of LOCH's new deals on the Market website, over 200 million LOFC shares were exchanged at high prices in the last few days at a price between 30-38, and the above shares were subjected to artificial DUMP on 19.11.2021. The collection of executives of leasing companies are very well organized, creating fear among the average investor by design.
The funny thing here is that reputable investors like Nimal Perera have joined hands with the above executives on social media to intimidate and manipulate and then shift the responsibility to small investors.
Ishara Nanayakkara was also instrumental in artificially raising the value of books subject to relevant transactions with LOCH to 10-39.50 within a week (37.50) and 75% DUMP of 35-19 on the same day of the relevant announcement on the CSE website. Should be. Top officials in the CSE and SEC need to be in touch to allow such artificial manifestations to exploit investors instead of protecting them. We have seen many times before when a company's price rises abnormally under the heading Unusual Trading, but no such regulation has been made in these cases. It is likely that this will happen in the future. But by then it was all over (the stall was useless after the horse had run away).
Such incidents show us that stock market parties had to bear the brunt of the market frauds that took place in 2010 for a period of 8-10 years. The effects of these current and future events are likely to be felt in the near future. According to some investors, the current stock market is what they call a casino.
Ishara Nanayakkara: Such large-scale stock market frauds, primarily through stockbrokers' regulators, primarily through major stockbroking firms, could lead to another decade of small and medium-sized investors in the future, even if the current small and medium-sized investors are left to fend for themselves for another decade.
It is the responsibility of all of us Stock Exchange Stakeholders to inform the upper echelons of this event so that such acts do not take place in the future to inform the President. This event could lead to the collapse of the entire Colombo Stock Exchange due to the LOFC scam in the future and the possible loss of BULL gold again in the future.