Business Times

SEC still hunting perpetrators

The Securities and Exchange Commission (SEC) is still on the tail of perpetrators who have been manipulating share prices in the market during late last year, sources close to SEC said.
“The SEC has identified some share brokers as well as many traders who seem have been pushing certain shares up in price during the past few months,” a source told the Business Times.

He said that the securities watchdog is currently investigating more than six such cases.
The SEC was looking at these trades closely to identify the perpetrators and there is evidence of manipulation. “The perpetrators will be dealt with severely by the SEC,” the source said.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
 
Other Business Times Articles
Legal cloud over Golden Key directors returning to ‘work’
Tax reforms from April 1, taxing public servants after 33 years
Softlogic Group to rebrand Hotel Ceysands
Lankan oil hedging dispute goes to London
Hilton battle not over yet
World Cup: Did Sri Lanka’s image improve?
Comment - Gearing for the new taxes
Feature - Trial hears Rajaratnam brothers curse on phone tap
Feature - Removal of microcredit bank leader Prof Muhammed Yunus bodes ill for the poor
More convention centres to come up in Sri Lanka
British Deputy High Commissioner meets Colombo university students
‘Gender should not be a Business Issue’ - Corporate leader says
Most members are senior managers - New CIM SL Chairperson
Brandix expands into bras
Gajendran on new taxes at STBC meeting
Initial capital of Rs 3 bln to settle Golden Key depositors
Economic and North East growth adds up to insurance gains : RAM
Chevron revenue up 9%, net profit same YoY
Ideal Motors-AA tie up to transfer latest automobile technology to rural youth
Open University to enhance English Literature teaching skills
National Chamber praises Norochcholai coal power plant launch
Unilever hosts first annual Supply Chain Business Partner event
Ceymed opens lab in Jaffna
Pyxle handles reservation, booking system for Hotel Renuka
JAAF’s regional awareness campaign and recruitment drive applauded
Unique clay-based cookware from the ITI soon in the market
Need for conducive legal atmosphere for foreign investors
Overseas Realty to start Havelock City’s Phase - 3 next year
Standard Credit Lanka Ltd merges with Entrust
Clarification - ‘Delay in new Japanese vehicle imports’
SEC still hunting perpetrators
World Cup: Authorities miss golden opportunity to promote Sri Lanka
IPM Sri Lanka felicitates its Past Presidents
Central Bank rescues three crisis hit finance companies
Poverty levels fall in plantation sector
Feature - Contributing to Sri Lanka's development
ICASL, ICAEW discuss developing chartered accountancy relationships
Colombo Dockyard delivers Platform/ROV Support Vessel Greatship Rashi
Aitken Spence resorts expands in Sri Lanka and the Maldives
Seylan’s online Rs 600 mln VRS scores a first-ever hit
Harry J’s control of Pelwatte Sugar main feature this week
SriLankan Airlines can brand Sri Lanka : Branding guru Martin Roll
SLIM aims at greater heights in 2011
Letter - Hedging: German court sends a strong message
Unfair and negative reporting by western media affects many tourism markets
Cabraal meets World Bank MD

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 1996 - 2011 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved | Site best viewed in IE ver 8.0 @ 1024 x 768 resolution