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ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
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Downfall of the SEC Chairman and Lessons to Learn!

+14
aj
Sumanadasa
KAROSH9
raa
Whitebull
Redbulls
sanju351
sureshot
worthiness
SECsux
UKboy
BullFan
Market Sucker
Sandstorm
18 posters

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aj


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

a) As soon as SEC chairman started working first thing he did was stop SEC people from making news, making statements. He said they shouldn't make sensational news.
b) As far as I know this person runs a business and active as a stock investors for a long time. But the most important thing is you don't have to have a 10 year experience in the stock market or a phd in stock market run it. You just have to be intelligent. That's it.
c) Catching criminals is their *duty* whoever they are. Imagine your daughter got gang raped and the police don't catch the criminals because it would make sensational news and fear the public.
d) When you find an officer did something wrong first thing you do is suspend his duties. If it's a broker suspend their work. Then start investigations. You never let the suspected murderer out in the public.

The reason the criminals are against this man is because he's doing his duty and he has something very rare in Sri Lankans, a backbone.

Sumanadasa


Stock Trader

This is exactly my point. Without beating about the bush pls come up with names. This should be the case and not otherwise.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

If you do not have backbone and tolerate corruption you can hold any high post in the public sector
There may be problem s of Management style of Mr Karunaratna.That is completely different from Management Style of this govt that is SHAPE THEORY

kmchandra1


Equity Analytic
Equity Analytic

Market Sucker wrote:these buggers dont know how to adopt a growing kid(Emerging market) Evil or Very Mad

go home SEC officlas who made PORA TALKS Laughing Twisted Evil

player


Moderator
Moderator

Sandstorm wrote:Current SEC Chairman Dr Tilak Karunaratne is a good man. He once sacrificed his parliamentary seat to Buddhist Monks for the good of the country. He is likely to do the same thing again. This time it is for none other than the famous SEC hot seat.

Dr Karunaratne tried to do his best to the SEC and the market, but for some unknown reasons he failed to achieved his task. There may be many reasons for his failure which may be known or unknown to general public. But I trust it is a good idea to analyze the same, so that we could learn something from this.

My reasons for his downfall are as follows:

a) Trying to assume executive role to non executive position. According to SEC Act, the Chairman position is non executive and does not have any executive powers. But Dr Tilak tried to portray himself as the supreme authority of the SEC and the Capital market in Sri Lanka.
b) Trying to play to the gallery and be popular instead of doing the job. Taking too much to the media and as usual finally media turned against him.
c) Openly going against HNWI, who had lost their shorts, trousers and underwear's. Going behind helpless HNWI was suicidal and was similar to holding the tail of a cornered tiger. Being vindictive is self destructive according many religious philosophies. Dr Tilak failed to understand this.
d) Creating division within the SEC and adpoting divide and rule policy. Deserving and knowledgeable people like the Head of the investigation Dammika Perera was sidelined.
e) Taking action against the wrongdoers of the NSB-TFC deal without a proper inquiry. Laws of natural justice was not followed and wrongdoer however wrong they were, should have be given a fair hearing before penal actions of suspension was carried out.
f) Lack of knowledge of capital market and unwillingness to learn from peers.
g) Not being diplomatic and secretive about the investigations and intended action to be taken against the perpatrators. It is not fair to openly accuse HNWI or anyone of wrong doings until such time investigations are concluded and offenses are proved beyond reasonable doubt

These were few in drops in the ocean. Please feel free to contribute to this thread.

agree with you,he just boasting and spreading fear among retailers,..Giving statements to newspapers without thinking the consequences,just bulshit.

smayadunne


Senior Equity Analytic
Senior Equity Analytic

තිලක් කරුණාරත්න ඉල්ලා අස්වීම පිටුපස ප‍්‍රකට ව්‍යාපාරිකයෙක්
August 15, 2012 at 10:48 am | Lanka C News.

සුරැකුම්පත් හා විනිමය කොමිෂන් සභාවේ සභාපති ධුරයෙන් ඉල්ලා අස්වීමට තමන් තීරණය කල බව එහි සභාපති තිලක් කරුණාරත්න මහතා පවසයි.

කොළඹ කොටස් වෙළඳපලේ සිටින කූඨ ව්‍යාපාරිකයන් හා කූඨ තැරැවුකරුවන්ගෙන් තමන්ට දැඩි පීඩනයක් එල්ල වන බවත් එම පීඩනය තවදුරටත් දරාගත නොහැකි නිසා මෙම තනතුරින් ඉල්ලා අස්වන බවද ඒ මහතා සඳහන් කරයි.

මෙම සිකුරාදා දිනට පෙර තමන්ගේ ඉල්ලා අස්වීමේ ලිපිය ජනාධිපතිවරයා වෙත යවන බවත් ඒ මහතා කියා සිටී.

කෙසේ වෙතත් වාර්තා වන ආකාරයට ආසන්න කාලයේ රජයේ ප‍්‍රධාන සංස්ථාවක සභාපති ධුරය දැරූ ප‍්‍රකට ව්‍යාපාරිකයෙක් සහ එංගලන්තයේ මන්ත‍්‍රී ධුරයක් දරන ශ‍්‍රී ලාංකික මන්ත‍්‍රීවරයෙක් එක්ව සිදු කරනු ලැබූ විශාල විනිමය වංචාවක් සම්බන්ධයෙන් තිලක් කරුණාරත්න මහතා විසින් අපරාධ නඩුවක් ගොනු කිරීම මෙම සිද්ධියට මූලික හේතුව බව කියැවේ.

එම ව්‍යාපාරිකයා විසින් රජයේ ඉහල දේශපාලඥයන් හරහා බලපෑම් කරවා තිලක් කරුණාරත්න මහතාට ඉල්ලා අස්වන ලෙස දැනුම් දී ඇතැයිද පැවසේ.

මෙම ප‍්‍රකට ව්‍යාපරිකයාට මේ දිනවල රටේ ප‍්‍රධාන අර්බුදයක් වී ඇති ප‍්‍රශ්ණයක් සම්බන්ධයෙන්ද චෝදනා එල්ල වෙමින් තිබේ.

තිලක් කරුණාරත්න මහතා මෙම ධුරය දරමින් සිටින්නේ ගරු සේවයක් ලෙස වන බවත් ඔහු තනතුරට හිමි වරප‍්‍රසාද කිසිත් පාවිච්චි නොකරන අයෙකු බවත් කොටස් වෙළඳපල ආරංචි මාර්ග කිය
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