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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Humble request to the Stock Market Regulators

Humble request to the Stock Market Regulators

2 posters

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Lotus Eater

Lotus Eater
Senior Equity Analytic
Senior Equity Analytic

Humble request to the Stock Market Regulators Stock-10

Dear All
In order to protect the market and let it stabilize we need to stop forced selling for which we need to request support from SEC and Central bank for following.

Please join the campaign to send 1000 mails to  bellow email address requesting 

Chairman SEC
Viraj Dayarathna
chairman@sec.gov.lk

Director General SEC
Chinthaka Mendis
chinthaka@sec.gov.lk

Prabash Wanigatunge
prabash@sec.gov.lk

Thushara
tushara@sec.gov.lk

Dear Chairman 
As investors of the CSE we kindly request your assistance take following steps to stabilize and recover the CSE with immediate effect to protect the investors.

1. Issue a directory from SEC and CBSL ( central bank of Sri Lanka) to Refrain from Forced selling (so that banks & finance companies do not place selling mkt orders to distort prices further) 

2. Request from CBSL to Remove the requirement to make impairments based on mkt prices but use Fair values of shares for margin facility providers.

3 From Margin provider-Clients to pay normal interest without penal interest. Hence no moratorium

Appreciate your urgent action.

Message from a stock market investor.
FC Whatsapp group
https://chat.whatsapp.com/Fyffnp6YxcI9UtaQB5huwq

reyaz

reyaz
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I also have a humble request, please stop being communist in a capitalist world. As it is the local individuals and businesses are having a hard time raising capital. If governments stop banks from trading freely, they would lose opportunities to take strategic decisions that may well be beneficial to the country. In this instance you are attempting to tie their hands from pulling out their money in order to lend to the public.

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