වෙ‍ෙළඳපොළ/මිල කෘතිම ලෙස හැසිරවීම

අභ්‍යන්තර ගණුදෙනු ස්වභාවය

පාර්ශවකරුගේ නම

ගනුලැබූ ක්‍රියාමර්ගය හා හැසිරීම සහ ප්‍රතිඵලය

අවවාද කිරීම

Thuiyalage Omesh Viraj

The Commission decided to issue a letter of Warning to this individual for his conduct in creating significant price increments artificially in certain shares listed on the Colombo Stock Exchange during the period 01st January 2021 to 27th August 2021 in a manner which may cause Market / Price Manipulation in violation of Rule 12 of the SEC Rules, published in Gazette Extraordinary No.1215/2 dated 18th December 2001.

වැඩිදුර කියවන්න

Date of Issue:

20th February 2024

අවවාද කිරීම

Mohammed Husain Nassim Husain

The Commission decided to issue a letter of Warning to this individual for his conduct in creating price increments artificially in certain shares traded on the Colombo Stock Exchange during the period 1st September 2020 to 15th January 2021 which may cause Market/ Price Manipulation in the said securities in violation of Rule 12 of the SEC Rules published in the Gazette Extraordinary No 1215/2 dated 18th December 2001.

වැඩිදුර කියවන්න

Date of Issue:

19th February 2024

අවවාද කිරීම

Muhammad Shiraz Latiff Abdeen

A Warning was issued to Mr. Abdeen for market manipulation in terms of Rule 12 of the SEC Rules 2001, with regard to his conduct pertaining to trading in the shares of LOLC Development Finance PLC (NIFL) during the period from10th June 2021 to 30th June 2021.

වැඩිදුර කියවන්න

Date of Issue:

30th January 2024

Caution

Keshawa Nagarathne

This individual, has sold 1 share each in 182 securities at a lower price in comparison to the closing price of the previous day on 8th December 2023, through his CDS Account (881293838-VN).

The Commission decided to issue a notice of caution against engaging similar conduct which may cause Market/ Price Manipulation of listed securities in violation of Section 129 of Securities and Exchange Commission of Sri Lanka Act No. 19 of 2021 (SEC Act).

වැඩිදුර කියවන්න

Date of Issue: 18th January 2024

Compounding

Daya Gamage

Upon a request to compound the offences of Market Manipulation in violation of  Rule 12 of the Securities and Exchange Commission of Sri Lanka Rules, in the shares of Bimputh Finance PLC (BLI) during the period, 16th January to 20th March 2014 and conspiracy thereto, found to have been committed by this individual, the Commission decided to compound the said offences in terms of  section 51A of the then Securities and Exchange Commission of Sri Lanka Act No. 36 of 1987 upon the payment of a sum of Rs. 3.3 Million to the Compensation Fund of the SEC within one month.

වැඩිදුර කියවන්න

Date of Compounding: 20th October 2023

Compounding

Chamindra Gamage

Upon a request to compound the offences of Market Manipulation in violation of Rule 12 of the Securities and Exchange Commission of Sri Lanka Rules, in the shares of Bimputh Finance PLC (BLI) during the period, 16th January to 20th March 2014 and conspiracy thereto, found to have been committed by this individual, the Commission decided to compound the said offences in terms of  section 51A of the then Securities and Exchange Commission of Sri Lanka Act No. 36 of 1987 upon the payment of a sum of Rs. 3.3 Million to the Compensation Fund of the SEC within one month.

වැඩිදුර කියවන්න

Date of Compounding: 20th October 2023

Compounding

L.S.S. Perera

Upon a request to compound the offence of aiding and abetting another to commit market manipulation under Rule 12 of the Securities and Exchange Commission of Sri Lanka Rules in the shares of Commercial Leasing & Finance PLC (CLC) during the period, 09th – 25th August 2021 and conspiracy thereto found to have been committed by this individual, the Commission decided to compound the said offences in terms of section 51A of the then Securities and Exchange Commission of Sri Lanka Act No. 36 of 1987 upon the payment of a sum of Rs. 3.3 Million to the Compensation Fund of the SEC within one year.

වැඩිදුර කියවන්න

Date of Compounding: 27th September 2023

අවවාද කිරීම

Y.G.M.R Mohomad Simsan

The SEC issued a letter of warning for creating price increments in the shares of Expolanka Holdings PLC (EXPO.N), which may be in violation of Section 129 (1) of the Securities and Exchange Commission of Sri Lanka Act 19 of 2021 in the future.

වැඩිදුර කියවන්න

Date of Issue: 19th July 2023

Caution

A.W.J.P. Dayananda

The Commission decided to issue a notice of caution to this individual, against behavior which is similar to actions leading to Market/Price Manipulation of listed securities in violation of Section 129 of the Securities and Exchange Commission of Sri Lanka Act No. 19 of 2021 for his trading in the shares of SMB finance PLC (SEMB.N) during the period 20th April 2023 to 11th May 2023.

වැඩිදුර කියවන්න

Date of Issue: 05th July 2023

Caution

W.W.P. Kumara

The Commission decided to issue a notice of caution to this individual, against behavior which is similar to actions leading to Market/ Price Manipulation of listed securities in violation of Section 129 of the Securities and Exchange Commission of Sri Lanka Act No. 19 of 2021 for his trading in the shares of Agstar PLC (AGST.N) during the period 11th & 12th April 2023.

වැඩිදුර කියවන්න

Date of Issue: 05th July 2023

Caution

Hapuhannadige Damindra Shehan Parakrama

The Commission decided to issue a notice of caution to this individual against his publication of social media posts in several WhatsApp groups on certain securities listed on the Colombo Stock Exchange that tantamount to recommendations being made to influence other investors to make investment decisions regarding those securities without a proper basis and/or rationale.

වැඩිදුර කියවන්න

Date of Issue: 04th July 2023

Caution

Helur Ifthikar Ahmed

The Commission decided to issue a notice of caution to this individual against his publication of social media posts in several WhatsApp groups on certain securities listed on the Colombo Stock Exchange that tantamount to recommendations being made to influence other investors to make investment decisions regarding those securities without a proper basis and/or rationale.

වැඩිදුර කියවන්න

Date of Issue: 04th July 2023

Caution

Lokuhewage Asanka Kumara

The Commission decided to issue a notice of caution to this individual, against behavior which is similar to actions leading to Market/ Price Manipulation of listed securities in violation of Section 129 of the Securities and Exchange Commission of Sri Lanka Act No. 19 of 2021 for his trading in the shares of Softlogic Capital PLC (SCAP.N) and of Browns Investments PLC (BIL.N) during the period 16th December 2022 to 20th March 2023.

වැඩිදුර කියවන්න

Date of Issue: 04th July 2023

Caution

Thamash Madushan Jayawikrama

The Commission decided to issue a notice of caution to this individual against engaging and adopting trading patterns, particularly when placing orders, that can give a false impression of the price or market for securities traded on the Colombo Stock Exchange in violation of section 129 of the Securities and Exchange Commission of Sri Lanka Act No. 19 of 2021 for his trading in the shares of Softlogic Life Insurance PLC (AAIC) during the period 10th January to 09th February 2022.

වැඩිදුර කියවන්න

Date of Issue: 25th May 2023

Caution

Liyanage Sahan Chathuranga

Publication of certain comments on the securities of Softlogic Life Insurance PLC (AAIC) listed on the Colombo Stock Exchange, in a WhatsApp Social Media Group named–”Investing ”, in and around January 2023 that tantamount to recommendations being made to influence other investors to make investment decisions regarding those securities without a proper basis.

වැඩිදුර කියවන්න

Date of Issue: 03rd May 2023

Caution

Murugesh Kanapathippillai Nambiyarooran

Publication of certain comments on certain securities listed on the Colombo Stock Exchange, in a WhatsApp Social Media Groups named named–”CSE Small Investors 2” , “INVESTOR’S MIND”, “CSE Smart Investors ”, “Smart Investors ” , ”Investing ”, “Investment Forum”, during the period October – December 2022 which would tantamount to recommendations being made to influence other investors to make investment decisions regarding those securities without a proper basis.

වැඩිදුර කියවන්න

Date of Issue: 03rd May 2023

Caution

A.C.A.Shaja

Publication of certain comments on certain securities listed on the Colombo Stock Exchange, in a WhatsApp Social Media Groups named-“MODERN SHARE MARKET CSE”, “MODERN HIGH NETWORK HUB” during the period August to September 2022 which would tantamount to recommendations being made to influence other investors to make investment decisions regarding those securities without a proper basis

වැඩිදුර කියවන්න

Date of Issue: 03rd May 2023

අවවාද කිරීම

Dushan Imalka Kirumbara Liyanage

Publication of certain comments on certain securities listed on the Colombo Stock Exchange, on the social media platform named-Twitter during the period September – October 2022 that would tantamount to recommendations being made to influence other investors to make investment decisions regarding those securities without a proper basis and thereby even contribute towards creating a false market in respect of those securities; and -utilizing the CDS Accounts of third parties without prior written authorization.

වැඩිදුර කියවන්න

Date of Issue: 03rd May 2023

Suspension

Sriyan Gurusinghe

Following the findings of the SEC on an investigation conducted into the trading in the shares of Ceylon Grain Elevators PLC (GRAN) during the period 14th December 2010 to 3rd March 2011 prior to the Employees Provident Fund (EPF) making an investment in the shares of Ceylon Grain Elevators PLC in March 2011, regarding his conduct when he functioned as an employee dealing with clients while employed at Ceylinco Stockbrokers (Pvt) Ltd during the aforesaid period in question, the Commission issued directive under section 16 (c) of the Securities and Exchange Commission of Sri Lanka Act No 19 of 2021 to this individual suspending him from functioning as a Key Management Personnel or an employee dealing with clients of a Market Intermediary or a Market Institution as he is disqualified to function as such under Rule 6 (g) of the Schedule II -Fitness and Propriety of a Key Management Person of Market Intermediaries and Market Institutions of the SEC Rules published in Gazette Extraordinary No 2271/09 dated 15th March 2022 and Gazette Extraordinary No 2271/10 dated 15th March 2022 respectively, to be read with Rule (5) (a) (ii) of Section 4-Minimum Standards for Trading Participants of the Trading Participant Rules of the Colombo Stock Exchange.

වැඩිදුර කියවන්න

Directive issued on 25th April 2023

Suspension

Dinal Wijemanne

Following the findings of the SEC on an investigation conducted into the trading in the shares of Ceylon Grain Elevators PLC (GRAN) during the period 14th December 2010 to 3rd March 2011 prior to the Employees Provident Fund (EPF) making an investment in the shares of Ceylon Grain Elevators PLC in March 2011, regarding his conduct when he functioned as an employee dealing with clients while employed at Taprobane Securities (Pvt) Ltd and during the aforesaid period in question, the Commission issued directive under section 16 (c) of the Securities and Exchange Commission of Sri Lanka Act No 19 of 2021 to this individual suspending him from functioning as a Key Management Personnel or an employee dealing with clients of a Market Intermediary or a Market Institution as he is disqualified to function as such under Rule 6 (g) of the Schedule II -Fitness and Propriety of a Key Management Person of Market Intermediaries and Market Institutions of the SEC Rules published in Gazette Extraordinary No 2271/09 dated 15th March 2022 and Gazette Extraordinary No 2271/10 dated 15th March 2022 respectively, to be read with Rule (5) (a) (ii) of Section 4-Minimum Standards for Trading Participants of the Trading Participant Rules of the Colombo Stock Exchange.

වැඩිදුර කියවන්න

Directive issued on 25th April 2023

Compounding

K.D Gunaratna

Upon a request to compound, , with regard to creating a false market or misleading appearance of active trading in the shares of Commercial Leasing & Finance PLC (CLC) during the period, 09th – 25th August 2021, which is an offence under Rule 12 of the Securities and Exchange Commission of Sri Lanka Rules, the Commission decided to compound the offence as provided for under section 51A of the Securities and Exchange Commission of Sri Lanka Act No. 36 of 1987 upon the payment of a sum of Rs. 3.3 Million to the Compensation Fund of the SEC.

වැඩිදුර කියවන්න

Compounded on – 14th October 2022

Compounding

W.D.N.H Perera

Upon a request to compound, with regard to creating a false market or misleading appearance of active trading in the shares of Regnis Lanka PLC (REG) during the period , 13 September – 13th October 2011, which is an offence under Rule 12 of the Securities and Exchange Commission of Sri Lanka Rules, the Commission decided to compound as provided for under section 51A of the Securities and Exchange Commission of Sri Lanka Act No. 36 of 1987 upon the payment of a sum of Rs. 3.3 Million to the Compensation Fund of the SEC.

වැඩිදුර කියවන්න

2022 සැප්තැම්බර් 02 දින සංයුක්ත කරන ලදී

Compounding

W.D.N.H Perera

Upon a request to compound, with regard to creating a false market or misleading appearance of active trading in the shares of ASCOT Holdings PLC during the period 05th September to 12th September 2011, which is an offence under Rule 12 of the Securities and Exchange Commission of Sri Lanka Rules, the Commission decided to compound as provided for under section 51A of the Securities and Exchange Commission of Sri Lanka Act No. 36 of 1987 upon the payment of a sum of Rs. 3.3 Million to the Compensation Fund of the  SEC.

වැඩිදුර කියවන්න

Compounded 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.