Price Band - I totaly agreed to this. but the problem is, do they (SEC) impose properly.
Credit Clearing - did our market need this. think ............ widely........
all these rules came because of speculation of few stocks. What are they,
BLUE, TWOD, GREG, CLPL, DPL. do you remember .......................................
Trading hold for those. but why they suddenly imposed a rule like credit clearing ?????
acually it was also because of few broker firms. They have gone beyond their limits. I am not going to mention thier names. (Danno Danithi). But what our unexperiance new head of SEC done???? What did she say " we have imposed this because to protect the investor".
According to my understand, all the brokering company has a deposit of 500MN @ CB, as a security . If they go wrong CB can deduct the due amount from that deposit. Those few broker companies who have gone beyond the limits are new commers to the markets. Did SEC consider all the factors?????
I am not sure about that. If they took an action aginst only for those broker firms it would be more effetive & Other Broker firms also whould have been controlled automatically.
What do you think ??????????