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
Director General SEC
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.
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