FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Can YOU please stop blaming against Regulators and Manipulators?

Can YOU please stop blaming against Regulators and Manipulators?

Go to page : Previous  1, 2, 3  Next

Go down  Message [Page 2 of 3]

laksharemk


Senior Equity Analytic
Senior Equity Analytic
Regulators are the people who changed the rules time to time creating doubts and unstability which led to exist of many investors. They are the people who allowed endless IPOs, rights issues, warrnts, and so on for every tom dick and harry at the end eat up the liquidity. Further to that highly overvalued IPOs and introductions to allow previous owners to sell their stake at will, which created panic among small investors. Now when the makert is diving deep down in red blood bath they are silent as if they expected this long time back. People should understand that stock market is one of the main indecators of a contry's progress which is carefully looked at by the foriegn investors before coming for FDIs, ventures, funds and so on. How can we stop blaming them?

duke


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
tinyman wrote:this is ridiculous. I never expected a post like this from you UKboy.

I also didn't apply for SHL, but it's their duty to ensure fair play in the market and IPOs. if they are sleeping when their attention is required, what else to other than blaming them.

they are the people who approved these over priced IPOs to come to the market, if they have told not to or counter suggested a fair price like 10/=for SHL then it would be fine.

kotas sadaha mila palaka mandalayak? sahathika milak? Wink

UKboy


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
tinyman wrote:this is ridiculous. I never expected a post like this from you UKboy.

I also didn't apply for SHL, but it's their duty to ensure fair play in the market and IPOs. if they are sleeping when their attention is required, what else to other than blaming them.

they are the people who approved these over priced IPOs to come to the market, if they have told not to or counter suggested a fair price like 10/=for SHL then it would be fine.

Dear tinyman,

I’m extremely sorry if I make you upset. Whole point of add this topic is to let our small investors know that they cannot blame regulators for everything.
How many times they bought junks at top? They spoiled many many good counter prices. Do we really need to blame for regulators for all these? You decide.

Also remember Sri Lanka is a 3rd world country and no matter how we say, Money and power can play a major role at any governing body. It is virtually impossible to be 100% genuine.

mra


Manager - Equity Analytics
Manager - Equity Analytics
ukboy

are u eyeing for the post of asst.vice president @SEC???

lokuayya


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Whatever it is now the CSE is almost finished .Many people warned about the lack of confidence in SEC.They didn't listen.This talk is not new .This is continueing more than year.From the day this new SEc took over market turn back and going in revers.the damage is immense.This SEC very immature.That is the basic problem.

Best thing they can do for the country is leaving the position.Or authorities should send them somewhere and appoint new people as a confidence building measure.



Akalanka

Akalanka
Manager - Equity Analytics
Manager - Equity Analytics
uk boy

In a particular country ppl are not addicted to alcohol ,but some how they developed their lifestyles to use it frequently eventually .. then some get addicted

but the governors of this particular country thought . ..

PPl do know the harm of using alcohol , and the risk to their lives . so we dont need to bother about that . our people will learn in a day .. so they didnt made any actions to implement rules and they watched the drama ..

Then you can guess what might happen when the ppl get addicted and the rest of the story.

In this case also it is not only the person who get addicted to drugs do suffer but also his family , village , town and finally the country will get the bad effect. aint it?

So identifying it at the end is not the regulators duty , they should have concerned more on each and every aspect .

ike wise this same story is happening at CSE , but when the regulators identify it we will be in an utter pit crying help from foreigners to enter .



Last edited by Akalanka on Tue Jul 12, 2011 1:05 pm; edited 1 time in total (Reason for editing : spelling correction)

Investor99


Manager - Equity Analytics
Manager - Equity Analytics
UKboy is correct we cannot blame the regulators or manipulators. Whatever regulations that are taking place will help the market in the long term. All the new IPO would boost the market capitalisation is the long term. As I see all the action taken by CSE is long term oriented.

Thus making our market more attractive to foreigners and making CSE in par with the other stock exchanges in the region.

Sorry to say this but it sounds like most of you guys are looking for a scapegoat for your own mistakes.

Akalanka

Akalanka
Manager - Equity Analytics
Manager - Equity Analytics
@Investor99 wrote:UKboy is correct we cannot blame the regulators or manipulators. Whatever regulations that are taking place will help the market in the long term. All the new IPO would boost the market capitalisation is the long term.
Thus making our market more attractive to foreigners and making CSE in par with the other stock exchanges in the region.

Sorry to say this but it sounds like most of you guys are looking for a scapegoat for your own mistakes.

I do agree with you in that point our market will run great in future due to these new listing , as these PLC are well funded .

but the thing is they entered to the market by destroying the current prevailing conditions.

If the IPOs come one per month like under some regulations , with fair value the ASI , MPI will not dip this much. . so the world and ppl here will also believe that CSE is having enough funds even to go for IPOs , and will be confident enough

but now ppl has lost confidence, that is a bad image for Srilanka as its still climbing the begging of the ladder of success

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
There should be an intelligent way to do anything.
Even with good intention u can do lot of harm if u do not use correct methodology.
That is what lack in our regulators.

mktgold


Stock Analytic
Stock Analytic
@manula wrote:
@mktgold wrote:Why regulators not keeping certain control over flooding IPO and Introduction offers. All we must know this Sri Lanka. Our market is very tiny market when compare with others. When new IPO or Introduction offers come to the market money is divided in to several shares. We have limited capital rotating in the market. So regulatory can take certain step to enter IPO and Introduction offers time by time without effecting present market. Now at once day by day IPO as well as Introduction offers. Market may go further down and ASI would not show the correct picture of the market bcos these some introduction offers boomed by 100 or 200 rupees by clear manipulation. eg. AFSL.

This will give wrong pictures to foreign investor about total overall market. Why not stopping this flood yet. Are they want crash the market like Bangaldesh?

for example .. as you mention why we went for the IPO.. no one has force you. same way no one told you to sell the secondary market shares to buy high priced IPO. many things can come to the market.. means it is not must to buy. yes.. money will be divided in to several shares.. so what the issue of this ??


Dear Manula U r talking about like a silly type argument. Any one can understand event expert brokers including regulatory control guys major reason for present market situation IPO's and Introduction offers. This is simple theory when there is a large bucket height of water level is going down. U cannot blame people for why they purchase IPO's. That is normally happens. That is nature.

schacha


Manager - Equity Analytics
Manager - Equity Analytics

1. Did ur parents ask you to sell your gold and drink black label?
2. Did ur parents ask you to borrow money at every possible time?
3. Did ur parents ask you to follow friends advices all the time?
4. Did ur parents ask you buy expensive items?
5. Did ur parents ask to buy junk stuff like paranacoat?
6. Did ur parents ask to invest in CSE?
7. Did ur parents ask earn over 2 million per month?
8. Did ur parents ask you to go behind rich business men?

U just think about yourself and a street boy.
and
U just ask from ur parents that what if u go for above things and their advice.
I think that why they are called parents, we love them respect them, they REGULATE us to a place where we stand today.
What about street boys. They were not properly REGULATED. Where they stand.(true that all stand on same earth but hope u understand what I meant)

ashlee


Manager - Equity Analytics
Manager - Equity Analytics
To a certain extent we are responsible for our own fate.. For example going behind HNWIs and buying PAP at 8 and PMB at 40 is result of our own foolishness.. Investing in high priced IPOs is also our own decision and the regulators cant do anything about that..

However, I believe that the regulators too are largely responsible to the fate of the market.. If credit clearance has such an effect on the market, maybe they can ask brokers not to allow credit facilities.. If IPOs are over priced, the regulators should not allow them to come to the market.. They can stop private placements from taking place at 7 while the issue price for retailers is at 29..

I think these are the little things regulators need to look into.. I know many of our retailers dont look into areas such as issued quantity or pp price when investing in IPOs... They just go for the name of the company.. When it happens to be something of the caliber of Softlogic, small investors invest in it because it has the backing of a strong brand name with pretty good performance and future growth...S/he gets heart attacks when it is trading 50% below the issued price because s/he does not have any adequate awareness regarding what really happened..

Therefore we need to be more vigilant when buying shares and it is the responsibility of the regulators to facilitate a level playing field for both small retailers and HNWIs since they are the once who drive the market..

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Thanks you very much for all of your comments. Some agree and some dont.
People who do not agree can you please let me know a single governing body which works 100% according to rules?
Sri Lanka is a 3rd world country where Power and Money can change rules. You should know that before touch an unknown destination like CSE.

It is mainly our responsibility to lookafter ourselves. But I can say one thing for sure people still not learnt a lesson. LOFC price movements is a clear indication. How many retailes bought it at top? Do we still need to blame the regulators for that? Please tell me.

Many thanks

UKboy.

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
Dear UKboy .
You are 1000000% times correct. In short Sri Lankans themselves made mistake and try to put the blame on others .
That is why we are Sri lankans.
If share price goes above the IPO price they wil happy , they dont even talk about regulators . If they get the hit they will look for every other way to put on blame for their mistakes to any party.

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
I saw one member has posted something which is highly enethical .He doesnt have any right to do like that since this forum is highly restricted for gentlemen. We should use this forum to discuss , educate ourselves not to personally critise others .
He has proved him self his position.
Please respect for others in a respectable and responsible manner

schacha


Manager - Equity Analytics
Manager - Equity Analytics
@UKboy wrote:Thanks you very much for all of your comments. Some agree and some dont.
People who do not agree can you please let me know a single governing body which works 100% according to rules?
Sri Lanka is a 3rd world country where Power and Money can change rules. You should know that before touch an unknown destination like CSE.

It is mainly our responsibility to lookafter ourselves. But I can say one thing for sure people still not learnt a lesson. LOFC price movements is a clear indication. How many retailes bought it at top? Do we still need to blame the regulators for that? Please tell me.

Many thanks

UKboy.
There is truth. Marking a essay is subjective. So the above could be 50% correct.
We can't expect 100% justice from anything. nothing is perfect. these things are well known facts and nothing to discuss in detail also.(irrespective to the 3rd world or whatever.)
We have to look after ourselves, also true but we should be strong enough to rise our hand against malpractice, injustice. That is or responsibility for the future.
The last part of ur comment is unacceptable. Yes retailers are damn wrong and foolish to buy LOFC at such high price. Most of us know there is some thing radically wrong behind this, and funny retailers buying junk.
We can't just wait and see. We have an itch to talk against this kind of things. but why regulators allow this malpractice. Just see for the last couple of days there was no huge price movement of any single stock.
So may be retailers are learning bit by bit. Apparently they did not caught in to manipulations, or they dont have money.
But still regulators are just watching. Allow investors to do enough malpractices. It's like sri lankan Traffic police, they hide in a bush directing the speedometer and catch vehicles going fast. What is there objective?
is it to stop fast driving or catching vehicles going fast?( they just allow the wrong thing and then catch)
Our regulators are worse than this They allow malpractice and still watching not moving to catch even after the fault.
Can a driver drive fast ,above speed limit? yes can,
Is it correct? I think wrong.
Can anybody stop him? i think yes, Police.
If he killed somebody whose responsibility is it?



pushpakumara


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Saw the list of why we should be blamed for our own mistakes. I am curious to know why the very reason regulators are there and whether they are effective in their job?. Like to see expert opinion on what they are supposed to do and whether they are doing it and how they are doing it. Have they achieved what they are supposed to do or are they on their way to achieve it.
What are they doing with regard to boost the confidence of investors. Have they achive it? Are they regularly in touch with investors (other than monthky statement). What do they have to say about present market conditions? Are there any announcement to sooth the worries of small to medium investors. (I do not see any active participation of CSE other than passing the announcments of various companies)

True that no governing body can make things perfect 100% but where are we in this respect?

I may be wrong with regard to some of my comments but my gut feeling say that they should be more proactive than this and should go beyond present confinements to achieve greater heights atleast to become one of the best governing boideis in the region.

econ

econ
Global Moderator
@UKboy wrote:People are endlessly blaming regulators for the recent downward trend. Agreed they need to bit stronger than now but we cannt expect 100% perfect regulators at any market. A market with 100% perfect regulators would be similar to an old school class room.
Manipulators were in the market yesterday, they are in the market today and they will defiantly be in the market tomorrow. No regulator in this world can control the manipulation by 100%. NO CHANCE.
Before you again start blaming against Regulators & Manipulators, may I ask few questions from you?
If you can find a YES to any of these questions then I would surely come and join your campaign against regulators and manipulators.

Regarding Regulators.
1. Did regulators ask you to sell your shares and apply for IPOs?
2. Did regulators ask you to use your credit facility every month to the limit?
3. Did regulators ask you to follow broker advices all the time?
4. Did regulators ask you apply for overpriced IPOs?
5. Did regulators ask to buy junk shares like BINN? ( There are plenty other shares but its not the time to mention all as many of the retailers are already wounded badly)
6. Did regulators ask all CDS account holder to become traders?
7. Did regulators ask you to keep diversified sector P/E value over 25?
8. Did regulators ask you to go behind HNWIs?

Regarding Manipulators

9. Did they force you to follow them at 1st place?
10. Did they show a gun onto your forehead and ask you to buy the shares they bought?
11. Did they (some company directors) ask you to follow their purchases and buy the same share 20%+ over their purchased prices?
12. Can we call all the HNWIs are genuine?
13. If you missed the train, Did they ask you to join the train at its final destination?
14. Did manipulators make monies because of regulators?
15. Do you think insider trading is something new to market?

Please let me know if you can say yes to any of these?

Note: There are some other factors are also affecting the market but in this topic I would like to see comments only on regulators and manipulators.

SEC can not say we are not responsible for these kind IPOs. because it is their duty to restrict unethical behaviour of stock market stakeholders. These kind unethical IPOs could damage entire financial system because investor confidence on stock market is gradually diminishing.
sooner or later we may see retailers protesting infront of SEC and CSE like in Bangladesh.

raa


Manager - Equity Analytics
Manager - Equity Analytics
To a certain extent i agree with UKBOY. The cold hard truth of the matter is that, as of this moment there are a lot of players in the market with more money to fund this market themselves. Until the CSE gets to a size where these big players are big fish in very big ponds, it is hard to stop certain manipulation practices.

These manipulators also make retailers a lot of money, as well as lose them which is why the market has become a little bit more of a casino than a stock market. They can do what they do BECAUSE we follow or get caught up in it. Value investing takes second place behind easy cash and greed.

The fundamentals of the stock market are and SHOULD not be for wealth generation, they are a means to grow ones wealth. Which is why I refuse to borrow or take up a margin account. Steady appreciation, good dividend yields as a means to augment any other work you do is the best course of investment. There should be a very small number of traders compared to investors in a market, but it is the other way around here...

Until we change our market philosophy and our market gets bigger this situation will not easily go away.

manula


Vice President - Equity Analytics
Vice President - Equity Analytics
Main thing i saw is many people coming to the stock market to get rich within one day. If you see members comments on this forum you can understand. Then market fall down next day blaming the regulators. we have to give some time (vary from 6 months to 1/5 years) to company's to grow. They are thinking this stock market is a easy money make field.

Regarding IPO's the members will never learn, though for example Softlogic has came with high price, It was mention in the forum,same way for EXPO also. decision to buy has taken by us only. Still i saw many people are in favor with CFIL IPO. In this forum previously many members mention incidents with CFIL and advise as not good counter. But i know it will over subscribe with in one day. Whom to blame us or regulators.

It is like in the market if we have high cost food giving same nourishment (with big propaganda) and low cost food give same, but people tendency go for the high cost food and when no money blame to all.

As regulators also has to have some control to protect the investors but my thinking is main blame is come to us.

Nigel.Machado


Manager - Equity Analytics
Manager - Equity Analytics
Well said UKboy!!

Tiger

Tiger
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@manula wrote:Main thing i saw is many people coming to the stock market to get rich within one day. If you see members comments on this forum you can understand. Then market fall down next day blaming the regulators. we have to give some time (vary from 6 months to 1/5 years) to company's to grow. They are thinking this stock market is a easy money make field.

Regarding IPO's the members will never learn, though for example Softlogic has came with high price, It was mention in the forum,same way for EXPO also. decision to buy has taken by us only. Still i saw many people are in favor with CFIL IPO. In this forum previously many members mention incidents with CFIL and advise as not good counter. But i know it will over subscribe with in one day. Whom to blame us or regulators.

It is like in the market if we have high cost food giving same nourishment (with big propaganda) and low cost food give same, but people tendency go for the high cost food and when no money blame to all.

As regulators also has to have some control to protect the investors but my thinking is main blame is come to us.


While above is true, I don't completely agree that all investors to blame. Investors come from different backgrounds. Every body cannot be expected to have expert knowledge or time to analyse each move. That is the job of investment advisers and gate keepers to the market, in that context I think below post is relevant to this thread as well, which I had posted in another thread. I am re posting here.


"SEC cannot act like Robin Hood, to specify the price of the IPO and pass on the benefit to investors.

If prices are miserably off from the true value, look at the investment advisers those who recommend it. we all are paying for their services by way of brokerage, and they pocket that money and give out crap.

In Sri Lanka, please don't believe in the forecasts that brokers produce. How do they generate numbers?, just out of thin air. Investment analysis doesn't work like that, and after all its not easy or cheap.

All what you can do is rather than blaming SEC, press them to regulate investment advisory services; things like education requirements, adequacy or research, conflicts of interest, disclosures, past performance etc... that will safe guard investors.

If you are continue to blame regulators, we will be going nowhere."

yoyo

yoyo
Manager - Equity Analytics
Manager - Equity Analytics
Not only regulators...There should be some responsibility from the Broker's side also. They are called advisers, They should read the prospectus and inform the investors, because all investors are not experts or they do not have enough knowledge. I know many of the advisers do not read the IPO prospectus. They only know what has been told by their directors in their daily or weekly meetings. Pathetic....

raa


Manager - Equity Analytics
Manager - Equity Analytics
I think it is the brokers who should shoulder most of the blame. There is so much misinformation amongst brokers, it becomes near impossible for us investors to make rational judgement calls.

As we don't have the expertise or skills or time to be on the market day and night, the responsibility of proper advice and guidance falls to the brokers. While brokers are supposed to work for their clients most of the time, they have their own interests first and then prioritise their clients. Not to mention, there should be checks on the quality of research. Whether this could be the regulators job, i cannot say because it is all so subjective and open to debate.

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@yoyo wrote:Not only regulators...There should be some responsibility from the Broker's side also. They are called advisers, They should read the prospectus and inform the investors, because all investors are not experts or they do not have enough knowledge. I know many of the advisers do not read the IPO prospectus. They only know what has been told by their directors in their daily or weekly meetings. Pathetic....

If I expect something from regulators, all I want is ban many of these tiny broker huts..!

Sponsored content


Back to top  Message [Page 2 of 3]

Go to page : Previous  1, 2, 3  Next

Permissions in this forum:
You cannot reply to topics in this forum