Insider Dealing
Type of enforcement action
Name of Party
Conduct and outcome
Warning
Mr. S.S.V. Fernando
The Commission issued a letter of warning for the purchase of 50,000 shares of Vidullanka PLC (VLL) while Mr. S.S.V. Fernando was serving as an independent Director of Vidullanka PLC (VLL) on 13th February 2019 on the Colombo Stock Exchange (CSE), just prior to releasing of the Quarterly Financial Report of VLL for the period ended on 31st December 2018, to the CSE.
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Warning
Mr. R.S Yatawara
The SEC issued a letter of warning for the purchase of 12,000 shares of LB Finance PLC, while being in possession of material non-public information in connection to the Company.
Warned on 25th November 2022
Insider Dealing
Mr. Ashok Pathirage
The Commission issued a warning to this connected individual for the purchase made in the shares of Softlogic Holdings PLC (SHL) during the periods – December 2017 to January 2018 and 17th June 2019 to 29th July 2019, to desist from similar conduct subject to certain conditions undertaken by him to address regulatory concerns.
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Warned on 04th November 2022
Warning
Mr. I.E. Abeyratne
The SEC issued a letter of warning for conduct for trading in the shares of Hunas Falls PLC during the period 2nd January to 9th January 2019 after considering certain mitgatory factors surrounding his trades.
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Warning issued on 26th September 2022
Warning
Mr. L. T. Samarawickrama
The SEC issued a letter of warning for communicating certain information he possessed by virtue of being a connected person to Hunas Falls PLC during the period 2nd January to 9th January 2019 which information was used by another to trade in the securities of that listed entity.
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Warning issued on 26th September 2022
Warning
Mr. V.R Page
The SEC issued a letter of warning for conduct that created an appearance of insider trading into the trading activity in the voting shares of Cargills (Ceylon) PLC, prior to a dividend announcement.
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Warning issued on 02nd September 2022
Kindly note that the names of certain personnel against whom enforcement action were taken in the past pertaining to this offence have been removed in accordance with the retention policy for publications.