SEC message what do you think

http://www.cse.lk/cmt/upload_cse_announcements/951346932207_.pdf

Mafia WON again ?

good one to start with

I think news paper is wrong.. They have reported that there are investigation against these companies.. but what SEC is saying is,there may be investigation against investors who manipulate shares of these companies but not against companies.

NG has begun his works! ?You call this regulation. Ha Ha Ha. Ohoma yang.

What else were you guys expecting from him ?
Its like the saying goes " Hora ge amagen pena ahanawa wage'"
You guys really expected he will go and put himself in jail or his budy

Ahh you got the key point :-).

wiki wrote:I think news paper is wrong.. They have reported that there are investigation against these companies.. but what SEC is saying is,there may be investigation against investors who manipulate shares of these companies but not against companies.

slstock wrote:
Ahh you got the key point :-).

wiki wrote:I think news paper is wrong.. They have reported that there are investigation against these companies.. but what SEC is saying is,there may be investigation against investors who manipulate shares of these companies but not against companies.

Exactly right...this is a clarification and I think it is a necessary clarification and news papers should be more responsible.

slstock wrote:
Ahh you got the key point :-).

wiki wrote:I think news paper is wrong.. They have reported that there are investigation against these companies.. but what SEC is saying is,there may be investigation against investors who manipulate shares of these companies but not against companies.

I would like it,.... if one word replaced with another ....
[will]

Guys think..If there is a company with the prospects of pump and dump and an investor who is willing to make a quick buck selects this company.. and starts pumping .. price levels moves up to a levels that dumping is possible so he starts dumping..... What can be done by the company involved in this case.. For sure I know Greg is one of this case.. but people who buy shares should be aware of real value and future value of a company before he or she buys it at certain price level. This Free market place has become so wild and with this kind of regulation (refer TK) this market can become stagnant like a communist country........... FOR YOUR INFORMATION THE WORLD IS RUN BY HOPE AND SPECULATION IS THE TERM USED IN CAPITAL MARKETS FOR HOPE.. NEVER GIVE UP HOPE..........

Kithsiri wrote:Mafia WON again ?

My understanding is, the investigation against wrong doors is should not be treated as investigation against to the company involved.

Is it not the story?

bullrun wrote:

My understanding is, the investigation against wrong doors is should not be treated as investigation against to the company involved.

Is it not the story?

Brother its not the story...

The most Important & the Hide & seek word is that "may" just see my previous post in this same thread...now you Got the massage of the announcement...!

We call these type of words in sinhala as 'Kaalarthaye Asambaawyak Kriya" heh heh heh Mafiya Won....!

RIO wrote:

bullrun wrote:

My understanding is, the investigation against wrong doors is should not be treated as investigation against to the company involved.

Is it not the story?

Brother its not the story...

The most Important & the Hide & seek word is that "may" just see my previous post in this same thread...now you Got the massage of the announcement...!

We call these type of words in sinhala as 'Kaalarthaye Asambaawyak Kriya" heh heh heh Mafiya Won....!

ok investors, some are aying Mafiya Won.....
will you leave the CSE because of this.......
Previously many have blamed to regulators, since they did not do anything to manipulators,
Now what happen, Mukuth nokara nikam hitiyath ekai, mekath akai.

Very Good to drive the point home ...well done SEC for putting records straight.

Some Newspapers (Reporters) serve their Masters.....& this works bothways.....

Tomorrow Meeting should be positive ........this is what i see on the CT Research. So the bears wont have a chance when the news comes....But dont know when will the outcome known ......If its during the trading hours we could see some more gains. The SEC is going to take some positive steps..and CT says it will be the right direction.....so lets wait and see

I agree that there is a mistake in the news reports in question. Now a days the quality of news reporters have come down. This needs to be corrected. However, the Companies listed under the SEC are considered legal persons who can sue and be suied. Therefore, any adverse news reporting should be first and foremost tacklled by the affected companies. The SEC cannot go beyond its mandate stipulated by an Act of Parliament.

Section 12 of the SEC Act stipulates its objectives as follows;

"12. The objects of the Commission shall be-

(a) the creation and maintenance of a market in which securities can be
issued and traded in an orderly and fair manner;

(b) the protection of the interest of investors;

(c) the operation of a Compensation Fund to protect investors from
financial loss arising as a result of any licensed stock broker or licensed
stock dealer being found incapable of meeting his contractual
obligations; and

(d) the regulation of the securities market and to ensure that professional
standards are maintained in such market."[b]

I don't see any legal provisions enabling the SEC to protect the interests of the Companies listed with the SEC. Hence, this statement raises a serious issue- ?Has any one derailled the course of SEC.

opfdo wrote:

RIO wrote:

bullrun wrote:

My understanding is, the investigation against wrong doors is should not be treated as investigation against to the company involved.

Is it not the story?

Brother its not the story...

The most Important & the Hide & seek word is that "may" just see my previous post in this same thread...now you Got the massage of the announcement...!

We call these type of words in sinhala as 'Kaalarthaye Asambaawyak Kriya" heh heh heh Mafiya Won....!

ok investors, some are aying Mafiya Won.....
will you leave the CSE because of this.......
Previously many have blamed to regulators, since they did not do anything to manipulators,
Now what happen, Mukuth nokara nikam hitiyath ekai, mekath akai.

Dear Osmand,
Its not the question of Mafia winning & we leave the MKT...., but letting the Mafia go pass the lope holes undetected, then they will be encouraged & will take the retailers for a ride again...!

K.Haputantri wrote:I agree that there is a mistake in the news reports in question. Now a days the quality of news reporters have come down. This needs to be corrected. However, the Companies listed under the SEC are considered legal persons who can sue and be suied. Therefore, any adverse news reporting should be first and foremost tacklled by the affected companies. The SEC cannot go beyond its mandate stipulated by an Act of Parliament.

Section 12 of the SEC Act stipulates its objectives as follows;

"12. The objects of the Commission shall be-

(a) the creation and maintenance of a market in which securities can be
issued and traded in an orderly and fair manner;

(b) the protection of the interest of investors;

(c) the operation of a Compensation Fund to protect investors from
financial loss arising as a result of any licensed stock broker or licensed
stock dealer being found incapable of meeting his contractual
obligations; and

(d) the regulation of the securities market and to ensure that professional
standards are maintained in such market."[b]

I don't see any legal provisions enabling the SEC to protect the interests of the Companies listed with the SEC. Hence, this statement raises a serious issue- ?Has any one derailled the course of SEC.

My friend. Read point ( a) again....the creation and maintenance of a market in which securities can be
issued and traded in an orderly and fair manner).....

How can SEC achieve this objective if they allow newspapers with hidden agenda's to create a wrong impression about some listed companies affecting the confidence of the investors who want to trade in the shares of these companies ?

ughettiarachchi wrote:
My friend. Read point ( a) again....the creation and maintenance of a market in which securities can be issued and traded in an orderly and fair manner).....

These are sugar coated words with no legal bearing, unless they clearly spell out how this can be achieved.

At last, now we are getting ready to realize the net foreign inflow to CSE has reached to the record levels in this year, 2012.

Ko me salli ?

Sector performances are better than expected, infrastructure development is going on , foreign remittance growing – not affected by world crisis, many stocks are trading below net value and many are at reasonable , attractive forward PERs.

In this kind of scenario, naturally, people flock in the markets and upward and steady growth is created until it reaches the next stages.

I think that is what these foreigners were doing.
What has happened to our local people?

Some say they are still to heal the wounds they got in the year long downfall.

My personal view is ,

The bombardment of negative news, failed ideas, talks of failed politicians, gossip by anti-market, anti-state forces make them scared and blind and kept them away from the market. Local media and favorite internet sites are filled with negative stories, corruption, sex scandals and mafia talks.

Unfortunately this gave enough time and opportunity for the foreigners, experienced people, so called bad HNWI and so called mafia to pull the prices further down, collect as they wish, slowly and steady with their cash flow over the months.

The people who think they talk and write hard against the mafia , HNWI and the governing party are actually helping them to dominate the retailers and small investors in a big way.

Not only in some newspapers, we can see this negative trend in the news web sites and blog sites too.
There is a new generation of people who can connect anything to a mafia. When we alarmed about warrant factories, magic rights at proper times , 2 years ago, no one talked about this mafia. Everyone was running after everything.

- An extract from what I did for publishing elsewhere last month. (c)-Chinwi

People came here because we could read, learn and use the good points and hints given by nice people to buy or avoid stocks.

Now we fill the most of the space in this forum with gossip, negative news, and criticism targeting individuals etc.

I feel this is one of the major reasons for the useful contributors to stay away.

For me this says some leaders are exceptional..when the right guy get the right place simply nothing to worry about. Justice will be done and smarter will out rule ...

Chinwi wrote:At last, now we are getting ready to realize the net foreign inflow to CSE has reached to the record levels in this year, 2012.

Ko me salli ?

Sector performances are better than expected, infrastructure development is going on , foreign remittance growing – not affected by world crisis, many stocks are trading below net value and many are at reasonable , attractive forward PERs.

In this kind of scenario, naturally, people flock in the markets and upward and steady growth is created until it reaches the next stages.

I think that is what these foreigners were doing.
What has happened to our local people?

Some say they are still to heal the wounds they got in the year long downfall.

My personal view is ,

The bombardment of negative news, failed ideas, talks of failed politicians, gossip by anti-market, anti-state forces make them scared and blind and kept them away from the market. Local media and favorite internet sites are filled with negative stories, corruption, sex scandals and mafia talks.

Unfortunately this gave enough time and opportunity for the foreigners, experienced people, so called bad HNWI and so called mafia to pull the prices further down, collect as they wish, slowly and steady with their cash flow over the months.

The people who think they talk and write hard against the mafia , HNWI and the governing party are actually helping them to dominate the retailers and small investors in a big way.

Not only in some newspapers, we can see this negative trend in the news web sites and blog sites too.
There is a new generation of people who can connect anything to a mafia. When we alarmed about warrant factories, magic rights at proper times , 2 years ago, no one talked about this mafia. Everyone was running after everything.

- An extract from what I did for publishing elsewhere last month. (c)-Chinwi

People came here because we could read, learn and use the good points and hints given by nice people to buy or avoid stocks.

Now we fill the most of the space in this forum with gossip, negative news, and criticism targeting individuals etc.

I feel this is one of the major reasons for the useful contributors to stay away.

While agreeing with you I like to add when the market was over-valued all these buggers promoted the market among ignorant local people.Now when the market is fairly or lower valued these buggers push away the retailors from the market.

ughettiarachchi wrote:

K.Haputantri wrote:I agree that there is a mistake in the news reports in question. Now a days the quality of news reporters have come down. This needs to be corrected. However, the Companies listed under the SEC are considered legal persons who can sue and be suied. Therefore, any adverse news reporting should be first and foremost tacklled by the affected companies. The SEC cannot go beyond its mandate stipulated by an Act of Parliament.

Section 12 of the SEC Act stipulates its objectives as follows;

"12. The objects of the Commission shall be-

(a) the creation and maintenance of a market in which securities can be
issued and traded in an orderly and fair manner;

(b) the protection of the interest of investors;

(c) the operation of a Compensation Fund to protect investors from
financial loss arising as a result of any licensed stock broker or licensed
stock dealer being found incapable of meeting his contractual
obligations; and

(d) the regulation of the securities market and to ensure that professional
standards are maintained in such market."

I don't see any legal provisions enabling the SEC to protect the interests of the Companies listed with the SEC. Hence, this statement raises a serious issue- ?Has any one derailled the course of SEC.

My friend. Read point ( a) again....the creation and maintenance of a market in which securities can be
issued and traded in an orderly and fair manner).....

How can SEC achieve this objective if they allow newspapers with hidden agenda's to create a wrong impression about some listed companies affecting the confidence of the investors who want to trade in the shares of these companies ?

Thank you for giving me an opportunity to re-stress a point obscured by your lame argument in favour of a questionable statement by the SEC. I also thank slstock for posting this statement for discussion. First, I thought that I should ignor your point of view but my conscience does not allow me to do so.

I admit that the news pp reports in question are incorrect, per se, as they inadvertanrly referred to "names of certain companies" instead of referring to "highly manipulated shares of the same companies". However, they too were trying to ensure safety of the gulliable investors. This is one of the undisputable objectives of the SEC manmdate. They cannot compromise it on flimsy arguments as pointed out by you.

One should not try to interpret law according to his liking or bias. Your interpretation of the relevant Section of the Act is akin to [b]Kekille Courts decisions. One should not use this forum to mislead the members and its visitors.

I agree that the companies should have issued statements countering the news article. I only saw one such counter announcement.

The SEC release 'could' be as a result of official clarification by the companies from the SEC.