Leading brokers causing market downturn

ChooBoy · 1 Leading brokers causing market downturn Wed Feb 24, 2021 6:39 am

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Asia securities the stock brokering company owned by the current Chairman of the CSE does not allow their clients to buy certain listed shares using available buying power.

They say these share is risky. Is there a rule like that? Can they do that?
It is clients choice to utilise its buying power to buy what they like not what broker restric them to buy.

Jayashantha · 2 Re: Leading brokers causing market downturn Wed Feb 24, 2021 6:49 am

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This restriction worries me less than the fact that the CSE's chairman is heading a stock brokerage. Doesn't it constitute a major conflict of interest? It's almost like the CEO of a leading bank being appointed to run the Treasury, isn't that?

Walbaba · 3 Re: Leading brokers causing market downturn Wed Feb 24, 2021 7:11 am

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Jayashantha wrote:This restriction worries me less than the fact that the CSE's chairman is heading a stock brokerage. Doesn't it constitute a major conflict of interest? It's almost like the CEO of a leading bank being appointed to run the Treasury, isn't that?

Biggest culprit is Thushan Wickramasinge MD of capital Trust who made CSE to reissue old directive to create panic in the market so that his brokering company can force sell small investor portfolios to collect broker profits and cash in disguise of recovery of the margins and compliance.

Only SEC can look into this matter independently becos CSE is run under the vested interest of the brokers and not investors.

Chairman of the CSE should be independent!

ChooBoy · 4 Re: Leading brokers causing market downturn Wed Feb 24, 2021 7:35 am

ChooBoy

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Walbaba wrote:

Jayashantha wrote:This restriction worries me less than the fact that the CSE's chairman is heading a stock brokerage. Doesn't it constitute a major conflict of interest? It's almost like the CEO of a leading bank being appointed to run the Treasury, isn't that?

Biggest culprit is Thushan Wickramasinge MD of capital Trust who made CSE to reissue old directive to create panic in the market so that his brokering company can force sell small investor portfolios to collect broker profits and cash in disguise of recovery of the margins and compliance.

Only SEC can look into this matter independently becos CSE is run under the vested interest of the brokers and not investors.

Chairman of the CSE should be independent!

Leading brokers causing market downturn A6619310

judecroos · 5 Re: Leading brokers causing market downturn Wed Feb 24, 2021 7:56 am

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ChooBoy wrote:

Walbaba wrote:

Jayashantha wrote:This restriction worries me less than the fact that the CSE's chairman is heading a stock brokerage. Doesn't it constitute a major conflict of interest? It's almost like the CEO of a leading bank being appointed to run the Treasury, isn't that?

Biggest culprit is Thushan Wickramasinge MD of capital Trust who made CSE to reissue old directive to create panic in the market so that his brokering company can force sell small investor portfolios to collect broker profits and cash in disguise of recovery of the margins and compliance.

Only SEC can look into this matter independently becos CSE is run under the vested interest of the brokers and not investors.

Chairman of the CSE should be independent!

samaritan · 6 Re: Leading brokers causing market downturn Wed Feb 24, 2021 8:59 am

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Its better for brokers to analyse the causes for the market downfall rather than to analyse the effects & investor behaviour triggered by the downfall.

MoneyLover · 7 Re: Leading brokers causing market downturn Wed Feb 24, 2021 7:21 pm

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Jayashantha wrote:This restriction worries me less than the fact that the CSE's chairman is heading a stock brokerage. Doesn't it constitute a major conflict of interest? It's almost like the CEO of a leading bank being appointed to run the Treasury, isn't that?

@Jayashantha

Please be aware that Colombo Stock Exchange (CSE) is owned by Stock Broker firms, and CSE chairman is elected by its members (i.e. broker firms). So, there is no strange there.
I guess you confused CSE with SEC (Securities Exchange Commission) which is the regulator of both CSE and stock broker firms.

Similar confusion appear in your example as well i.e. "like the CEO of a leading bank being appointed to run the Treasury." Again, it is Central Bank Monetary Board (but not the Treasury/Ministry of Finance) is regulating Banks. Treasury/MoF is handling government finance.

Jayashantha · 8 Re: Leading brokers causing market downturn Wed Feb 24, 2021 8:52 pm

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MoneyLover wrote:

Jayashantha wrote:This restriction worries me less than the fact that the CSE's chairman is heading a stock brokerage. Doesn't it constitute a major conflict of interest? It's almost like the CEO of a leading bank being appointed to run the Treasury, isn't that?

@Jayashantha

Please be aware that Colombo Stock Exchange (CSE) is owned by Stock Broker firms, and CSE chairman is elected by its members (i.e. broker firms). So, there is no strange there.
I guess you confused CSE with SEC (Securities Exchange Commission) which is the regulator of both CSE and stock broker firms.

Similar confusion appear in your example as well i.e. "like the CEO of a leading bank being appointed to run the Treasury." Again, it is Central Bank Monetary Board (but not the Treasury/Ministry of Finance) is regulating Banks. Treasury/MoF is handling government finance.

Thank you pal. My ignorance is mortifying. I thought CSE too is a government-owned entity up until now. Also, I'm sorry for the hashed metaphor which I hurriedly composed to illustrate a conflict of interest. I've been thoughtless and it's completely flawed. But now I'm beginning to feel that people's accusations about CSE acting in an unfair way could be true given the way this country is being run. Thank you so much for pointing it out without ignoring or ridiculing it. That's very kind and thoughtful of you.

Mithooshan · 9 Re: Leading brokers causing market downturn Thu Feb 25, 2021 7:40 am

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Jayashantha wrote:

MoneyLover wrote:

Jayashantha wrote:This restriction worries me less than the fact that the CSE's chairman is heading a stock brokerage. Doesn't it constitute a major conflict of interest? It's almost like the CEO of a leading bank being appointed to run the Treasury, isn't that?

@Jayashantha

Please be aware that Colombo Stock Exchange (CSE) is owned by Stock Broker firms, and CSE chairman is elected by its members (i.e. broker firms). So, there is no strange there.
I guess you confused CSE with SEC (Securities Exchange Commission) which is the regulator of both CSE and stock broker firms.

Similar confusion appear in your example as well i.e. "like the CEO of a leading bank being appointed to run the Treasury." Again, it is Central Bank Monetary Board (but not the Treasury/Ministry of Finance) is regulating Banks. Treasury/MoF is handling government finance.

Thank you pal. My ignorance is mortifying. I thought CSE too is a government-owned entity up until now. Also, I'm sorry for the hashed metaphor which I hurriedly composed to illustrate a conflict of interest. I've been thoughtless and it's completely flawed. But now I'm beginning to feel that people's accusations about CSE acting in an unfair way could be true given the way this country is being run. Thank you so much for pointing it out without ignoring or ridiculing it. That's very kind and thoughtful of you.

This is a very nice reply.

Nishan Cooray · 10 Re: Leading brokers causing market downturn Sat Feb 27, 2021 9:48 pm

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බ්‍රොකර්ලට සල්ලි එන්න නම් මේක සූදු පොලක් වෙන්න ඕනෙ. long term investment කියලා ගත්ත මිනිස්සු විකුනුවෙ නැත්තම් බ්‍රොකර්ලාට සල්ලි කොයින්ද? අර chart මේ chart කියකිය රටේ නැති සෙල්ලම් දාන්නෙ කොහොම හරි ඒ අයගෙ monthly target එක ගහගන්න.

dhanushkacse · 11 Re: Leading brokers causing market downturn Sat Feb 27, 2021 10:18 pm

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Nishan Cooray wrote:බ්‍රොකර්ලට සල්ලි එන්න නම් මේක සූදු පොලක් වෙන්න ඕනෙ. long term investment කියලා ගත්ත මිනිස්සු විකුනුවෙ නැත්තම් බ්‍රොකර්ලාට සල්ලි කොයින්ද? අර chart මේ chart කියකිය රටේ නැති සෙල්ලම් දාන්නෙ කොහොම හරි ඒ අයගෙ monthly target එක ගහගන්න.

Yes. Lot of chart describers and chart teachers in bullish market but in bear market no any chart gurus.
Stock market is not a sudu pola. it's for value investors specially for long term and mid.