Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum 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
Sri Lanka Equity Forum
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» Do not be greedy, rely on small profits Guide to the markets
by Asoka Samarakone Today at 12:11 pm

» Sri Lanka Equity Market Place
by Miss-Sangeetha Today at 11:02 am

» LOFC IN FOR A BIG RUN
by mahasona2 Yesterday at 4:13 pm

» 6 % of EPF funds in stock market
by hammurabi Yesterday at 3:47 pm

» Weekly Stock Market Roundup
by Insights Equity Yesterday at 12:54 pm

» EPF Enter Stock Market
by visvajith Yesterday at 12:20 pm

» UNION BANK (UBC) to be takeover by Union bank of india
by Soilconomy Yesterday at 8:54 am

» SEC yet to publish its 2017 Annual Report
by ChooBoy Yesterday at 6:01 am

» EAST Steady at 18
by Chanaka303 Fri May 17, 2019 10:20 pm

» Daily Stock Market Update
by Insights Equity Fri May 17, 2019 6:42 pm

» Look PAP Amazing company
by Miss-Sangeetha Fri May 17, 2019 2:35 pm

» 20th MAY IS IT A HOLIDAY FOR CSE?
by Winner123 Fri May 17, 2019 1:33 pm

» Hight Profile Selling at EAST
by Miss-Sangeetha Fri May 17, 2019 12:12 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Fri May 17, 2019 11:13 am

» East total Hotel deal value US $ 58 Mn there will be another Dividend, Nahil's family is smart
by karuna2 Fri May 17, 2019 6:48 am

» What is going on with TFC.N0000
by Gihan04 Thu May 16, 2019 11:58 pm

» emer???????????????????????
by roky@ Thu May 16, 2019 9:58 pm

» Sri Lanka's Commercial Bank's deposits surpass landmark Rs 1 Trillion in Q1 2019
by hammurabi Thu May 16, 2019 8:05 pm

» LIOC upward curve
by hammurabi Thu May 16, 2019 7:42 pm

» Maithree pala siresenas next winning chance
by Uaecoindubai Thu May 16, 2019 5:10 pm

» RENUKA CAPITAL PLC KZOO.N0000@2.80
by Uaecoindubai Thu May 16, 2019 5:05 pm

» Mahaweli coconut will be listed soon
by Uaecoindubai Thu May 16, 2019 4:57 pm

» BALA can come down to 9/-
by Uaecoindubai Thu May 16, 2019 1:08 pm

» Sri Lanka's tourist industry has debt and tax relief of up to two years????
by Uaecoindubai Thu May 16, 2019 1:08 pm

» BFN slowly slowly unloading
by Uaecoindubai Thu May 16, 2019 1:04 pm

» Dark times - Sampath Bank
by Uaecoindubai Thu May 16, 2019 12:55 pm

» Sampath Bank PLC Rights Issue of Shares @ Rs.136/- p.s
by Uaecoindubai Thu May 16, 2019 10:09 am

» Please DON'T SELL IN PANIC, BUY, ONLY A SMALL INCIDENT, IT'S COMPLETELY OVER!!!!!
by mark Wed May 15, 2019 11:39 pm

» ආස නැද්ද ඔබ?
by reyaz Wed May 15, 2019 3:59 pm

» Reasons for market to crash
by Maharaja Wed May 15, 2019 12:54 pm

» AIA INSURANCE DE-LISTING (CTCE)
by mark Wed May 15, 2019 12:45 pm

» Bitcoin reached 8K while ..
by Uaecoindubai Wed May 15, 2019 11:45 am

» HOW ABOUT MASK
by Namal Wed May 15, 2019 5:52 am

» Market will test 4700
by karuna2 Tue May 14, 2019 12:16 pm

» Garment Shares are the most demanding at this situation : No hotels / No poultry
by Trader321 Mon May 13, 2019 10:11 am

» Is Nimal Perera trying to push down East shares using Twitter to buy More at lower price to collect dividend?
by dmtmadusanka Sat May 11, 2019 10:05 pm

» remove the white flag as a forum picture
by samaritan Sat May 11, 2019 12:24 pm

» Buy GHLL.N0000 Galadhari Hotels
by Uaecoindubai Thu May 09, 2019 2:05 pm

» Losses Double..
by Uaecoindubai Thu May 09, 2019 12:55 pm

» Understanding Technical Analysis
by Miss-Sangeetha Thu May 09, 2019 7:15 am

» Best picks for May
by Bdcdman Wed May 08, 2019 3:03 pm

» TERRORIST ATTACK : FROM A SOULLESS NATION TO NATION OF OWNERSHIP
by ranferdi Wed May 08, 2019 1:45 pm

» HEXP 2ND DIVIDEND
by Uaecoindubai Tue May 07, 2019 5:29 pm

» Significant demand for Ceylon Tea from global South
by Namal Tue May 07, 2019 7:35 am

Sri Lanka Equity Business Classiifieds
Submit Post

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market & Forum Help » Stock Market News » CB warns on illegal forex trading

CB warns on illegal forex trading

Go down  Message [Page 1 of 1]

1CB warns on illegal forex trading Empty CB warns on illegal forex trading on Wed May 30, 2012 5:01 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
The Central Bank warned today against advertisements being made in the print and electronic media and Internet and, unsolicited e-mails being circulated, by some companies proprietary concerns and individuals exhorting the public to engage in foreign exchange trading with assurances of guaranteed high returns.

"Some companies and proprietary concerns have even engaged their employees or agents who would personally contact the members of the public to entice them to undertake forex trading with promises of exorbitant returns. These agents and the advertisements on the Internet and in the print and electronic media often exhort, people to trade in foreign exchange, depositing an initial investment in Sri Lanka rupees with a company, proprietorship concern or individual in Sri Lanka to be transferred later into an online account or, payment through credit, debit or any other electronic funds transfer card direct to an online account opened in the name of the investor," a statement from CBSL Exchange Control Department said.

It further noted the Central Bank in the recent past has come across instances where several persons have lost large sums of monies due to the above activities carried on by some unscrupulous individuals and companies.

"The Central Bank wishes to inform the general public that undertaking foreign exchange trading transactions and remitting payments outside Sri Lanka for such transactions by any person without the approval of the Central Bank is illegal and violation of the provisions of section 5(1) and 7(a) of the Exchange Control Act. This is considered as a punishable offence under the Exchange Control Act and we request general public not to fall prey to such transactions."
http://www.nation.lk/edition/breaking-news/item/6600-cb-warns-on-illegal-forex-trading.html

2CB warns on illegal forex trading Empty Re: CB warns on illegal forex trading on Tue Jun 05, 2012 11:57 am

Flashmark


Equity Analytic
Equity Analytic
This one of the worst descion CB made. CB should take legal actions against those fraudulent brokers and agents. Forex is not a gambling people can not earn money without proper knowledge.Even with proper knowledge some people get lost.CB should warn people about that.If forex is illegal, stock market trading is also illegal. People will lost because of stock trading too.Same theory apply to forex as well. compare to our stock market, forex market is much better.No manipulators there.

So anyone know what CB going to do for our forex accounts? How we get permission from them to continue forex trading?

3CB warns on illegal forex trading Empty Re: CB warns on illegal forex trading on Fri Jun 08, 2012 11:58 am

Flashmark


Equity Analytic
Equity Analytic
any update?

4CB warns on illegal forex trading Empty Re: CB warns on illegal forex trading on Fri Jun 08, 2012 12:21 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Flashmark wrote:This one of the worst descion CB made. CB should take legal actions against those fraudulent brokers and agents. Forex is not a gambling people can not earn money without proper knowledge.Even with proper knowledge some people get lost.CB should warn people about that.If forex is illegal, stock market trading is also illegal. People will lost because of stock trading too.Same theory apply to forex as well. compare to our stock market, forex market is much better.No manipulators there.

So anyone know what CB going to do for our forex accounts? How we get permission from them to continue forex trading?
cb is scared of funds going out of our country. i think in india it is allowed. in srilanka only pyramid schemes are allowed and when got caught to the authorities they are scot free..... Crying or Very sad this is the srilanka way of doing things.... forex market of so huge so only big playas like central banks can and major banks with huge funds can manipulate to an extent.......if combined together.... Cool Rolling Eyes

5CB warns on illegal forex trading Empty Re: CB warns on illegal forex trading on Fri Jun 08, 2012 2:32 pm

Flashmark


Equity Analytic
Equity Analytic

I called and asked from central bank foreign exchange division about this. Person who answered my call, said that forex trading is illegal and if you have money in account withdraw it immediately.Also they have no plan about giving permission to individuals and he said it is legal only for commercial banks. As per my knowledge none of the country totally ban forex trading for individuals other than Sri Lanka.

6CB warns on illegal forex trading Empty Re: CB warns on illegal forex trading on Fri Jun 08, 2012 2:36 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Flashmark wrote:
I called and asked from central bank foreign exchange division about this. Person who answered my call, said that forex trading is illegal and if you have money in account withdraw it immediately.Also they have no plan about giving permission to individuals and he said it is legal only for commercial banks. As per my knowledge none of the country totally ban forex trading for individuals other than Sri Lanka.
buggers are living stone age...... CB/SEC keeps quiet on insider dealing manipulators while the perpetrators are doing with impunity....and became billionares by speculating where tech/fund do not confluence..... and can not justify such huge moves to the upside in such short time Very Happy

7CB warns on illegal forex trading Empty Re: CB warns on illegal forex trading on Fri Jun 08, 2012 10:43 pm

reez


Manager - Equity Analytics
Manager - Equity Analytics
can u remember, i published this issue. bt no one believe it

8CB warns on illegal forex trading Empty Re: CB warns on illegal forex trading on Sat Jun 09, 2012 6:05 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
ape kale pinata upan cabba Mad

9CB warns on illegal forex trading Empty Re: CB warns on illegal forex trading on Fri Oct 05, 2012 6:08 pm

Ashphoenix7


Stock Trader
I was also told by the BOC Treasury guys,when went(BOC Tower Echelon squre.) 3 days ago Forex is illegal since "foreign currency payments online is only for purchases NOT speculative trading"
The long and short of this is that average Sri Lankan still gets peanuts as FD interests from Banks & finance companies and actually are losing since inflation is higher !(...and did you notice the great new buildings of these finance co.s & banks cropping up in Col petty.Nawam Mv & other areas).
Ideally Fx schooling should be available in Sinhala & Tamil for people to have options !
My comments are made in the best interests and not for controversy in this great forum.
There IS RISK like in any investment in FX but needs very high discipline experience & "time invested"
.The courses now emphasize equally to preserve you deposit in Fx trading as much as how to profit.Its know as Money Management.The issue in Fx trading is you are directly trading money, accumulating or losing unlike for eg. investing in a Hardware Shop ,where your money will survive even in small quantities over a period, to cash in later after a bankruptcy.Money is more tangible.Cuts both ways-Cheers

10CB warns on illegal forex trading Empty Re: CB warns on illegal forex trading on Tue Nov 29, 2016 9:08 am

forex4srilanka

forex4srilanka
Equity Analytic
Equity Analytic
අප හිතවත් පාරිභෝගිකයනි,Forex trading සඳහා ඔබ අප තෝරාගත යුත්තේ ඇයි?

එනම්,අප ආයතනය විසින්  ඔබගේ භාෂා පහසුව සඳහා සිංහළ භාෂා මාධ්යයෙන් පාරිභෝගික සේවා සහය අංශයක් පත්කර ඇත.ඔබ ගේ Forex ඟිණුම් ක්ෂණිකව Verify කර ගැනීමට,Fund Deposit හා Withdrawal සම්බන්ඳ තොරතුරැ ක්ෂණිකව ලබා ගැනීමට, අප ආයතනය විසින්  ඔබට ලබාදෙන Bonus ආදී ඔබගේ Forex ඟිණුම් හා සම්බන්ඳ ඕනෑම ගැටලුවකට හා උවමනාවකට අවශ්යය සියලූම පාරිභෝගික සේවා සහය ලබා ගතහැක.ඔවුන් අවුරැදු හතකට එහා සේවා පළපුරැදකින් හෙබි පිරිසකි,එම නිසා ඔවුන් ඔබට අවශ්යය මාර්ගෝපදේශක්වය ලබා දේ.

No Commissions,No Swaps or Roll overs,All strategies allowed:Hedging, Scalping, EA’s*,No Re-quotes,Inter-bank liquidity, tight spreads, fast and quality execution and exceptional customer service that's why we are special.
Call our Sri Lankan Support : +91 832 653 1001
                                        +91 832 653 0002


                             Skype : ugm.srilanka

                        visit us at : forex4srilanka.com

http://www.forex4srilanka.com

Back to top  Message [Page 1 of 1]

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