Old habits die hard? SEC resumes investigation

K.Haputantri wrote:I think, the SEC should perform its duty with-out fear or favour to any one and should not be warried about such hickups highlighted by FT as they are short-lived symptoms that occurs when the "treatments" are given. FT seems to has taken the side of the well connected few who recently flexed their muscle. I expect a prompt clarification from the SEC on the FT story as this is necessary for much awaited confidence building to boost the market.

seyon wrote:This is utter bull chit... Ok If regulators see some unsual price movement, they can hold the trading and ask for the price movement ( this is the practice earlier mkt adopted )

What has happend to AAF, obviously that was unusal price movement, they must have stoped at atlease Rs.4.5 to Rs.5 and ask the company for the reason, then everyone knows reasons if any.. But SEC Surveilance sleeping during the mkt time and suddenly wake up and say we resume investigation on certain trades.... and sending letters... Did they punish some one.... This is all useless

UKboy wrote:Sri Lanka is 3rd world country. Money and power can change things quite easily. So I dont think we can keep high hope about these investigations.

seyon wrote:This is utter bull chit... Ok If regulators see some unsual price movement, they can hold the trading and ask for the price movement ( this is the practice earlier mkt adopted )

What has happend to AAF, obviously that was unusal price movement, they must have stoped at atlease Rs.4.5 to Rs.5 and ask the company for the reason, then everyone knows reasons if any.. But SEC Surveilance sleeping during the mkt time and suddenly wake up and say we resume investigation on certain trades.... and sending letters... Did they punish some one.... This is all useless

mark wrote:Sri Lanka is 3rd world country. Money and power can change things quite easily. So I dont think we can keep high hope about these investigations

wiki wrote:

seyon wrote:This is utter bull chit... Ok If regulators see some unsual price movement, they can hold the trading and ask for the price movement ( this is the practice earlier mkt adopted )

What has happend to AAF, obviously that was unusal price movement, they must have stoped at atlease Rs.4.5 to Rs.5 and ask the company for the reason, then everyone knows reasons if any.. But SEC Surveilance sleeping during the mkt time and suddenly wake up and say we resume investigation on certain trades.... and sending letters... Did they punish some one.... This is all useless

We Sri Lankan very keen to have post mortem...

mark wrote:Sri Lanka is 3rd world country. Money and power can change things quite easily. So I dont think we can keep high hope about these investigations

That is why we are still in the 3rd world...

We have corruption ..so we are in 3rd world.. Because we are in 3rd world we are not investigating corruption..

At what point are we going to break this cycle ....