Thursday, February 16, 2012

Sri Lankan securities watchdog says price bands out, credit concessions in

Sri Lanka’s Securities & Exchange Commission (SEC) met a group of stockbrokers' on Wednesday and agreed to eight demands made by the industry, SEC sources said.

They said that amongst the demands was the removal of the price band and an adjustment to the credit concessions. They added that it was a cordial meeting and the two parties agreed to meet at least once a month.

The Colombo bourse has been rocked by allegations of market manipulation and insider trading, and attempts by powerful investors to stop investigations. (DEC)

source - Times online

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