Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum
සිංහල පරිවර්තනය
Poll

SLEF Market Sentiment Indicator

73% 73% [ 1145 ]
27% 27% [ 428 ]

Total Votes : 1573

Latest topics
» PABC : This must pass 20 rs. level very soon
by soileconomy Today at 9:31 pm

» Today run LOFC 5+
by kjojo Today at 8:25 pm

» Penny TESS 7.4Mn trade volume!
by D.G.Dayaratne Today at 8:25 pm

» Planning to buy some shares - Suggession please
by sanjulanka Today at 7:33 pm

» CFVF run Will start soon
by kjojo Today at 7:16 pm

» Comparison TAFL,BFL & GRAN
by TARGET Today at 7:14 pm

» LLUB - At the Current Price
by kjojo Today at 5:49 pm

» Positive Trends.. Exports up..
by ranferdi Today at 5:03 pm

» LCEM 10/-.......
by kjojo Today at 2:46 pm

» KZOO ... KZOO ...Stock Buy Back underway ?
by Namal Today at 1:32 pm

» VALLIBEL FINANCE PLC
by Investor1994 Today at 11:17 am

» Save the stock market- and may be they (cse) will bring down the cse & sec levy.
by sheildskye Today at 9:14 am

» LANKA CEMENT....STILL GOOD
by Wimal Modawansa Today at 9:09 am

» BALA WILL BE A STAR
by Wimal Modawansa Today at 9:05 am

» The New Pope: Bergoglio of Argentina
by leasingmandate Yesterday at 5:41 pm

» HEXP Starts Next Run to Rs.300
by kjojo Yesterday at 2:54 pm

» කිංස්බරි හෝටලයේ විදුලි සෝපානය මනාලයා සමග හිරවේ.. මංගල උත්සවය ජංජාලයක් වෙයි.. මනාලයා වන්දි ඉල්ලා නඩු යයි.
by trasantha Yesterday at 8:03 am

» UDPL Next Run soon
by kovida Tue Oct 17, 2017 10:58 pm

» Financial Instrument- Lease BG/SBLC
by leasingmandate Tue Oct 17, 2017 2:39 pm

» HVA.............? wtz gonna happen with HVA?
by anjelo Tue Oct 17, 2017 1:53 pm

» watch CSF
by kjojo Tue Oct 17, 2017 12:21 pm

» RENUKA CAPITAL PLC (KZOO.N0000)
by The Hunter Tue Oct 17, 2017 10:08 am

» ගංගා මෑණියන්ගේ බැල්ම ලගදිම කොටස් වෙලදපොල දෙසට
by ranferdi Tue Oct 17, 2017 7:57 am

» + Point for Market : IMF reaches staff level agreement on third review of Sri Lanka’s EFF
by Ran49 Tue Oct 17, 2017 7:16 am

» Hotels face tough time --- Drop in tourist arrivals predicted/so many new hotels are opening
by kcrRanz Tue Oct 17, 2017 4:55 am

» Asian shares conquer 10-year peak
by kcrRanz Tue Oct 17, 2017 4:51 am

» Ideas about SCAP.N000 ?
by kcrRanz Tue Oct 17, 2017 4:40 am

» Why CSEC going up....???
by kcrRanz Tue Oct 17, 2017 4:30 am

» why bfl...gran...tafl...not moving
by kcrRanz Tue Oct 17, 2017 3:17 am

» Time to Talk About How Budget 2018 will Help for Us!
by Dailytrader Mon Oct 16, 2017 7:02 pm

» MBSL - MERCHANT BANK OF SRI LANKA
by Roshan Fernando Mon Oct 16, 2017 2:11 pm

» LOFC 7+ next week
by kjojo Mon Oct 16, 2017 12:41 pm

» SAMP - ABSORBING REAL VALUE
by niru Mon Oct 16, 2017 11:43 am

» RENUKA CAPITAL PLC (KZOO.N0000)
by Namal Mon Oct 16, 2017 10:54 am

» From today - Watch Watch
by Richman Mon Oct 16, 2017 8:44 am

» IS CTBL.N ready to run ?
by Richman Mon Oct 16, 2017 8:43 am

» Sri Lanka tea prices seen remaining high on global shortfall
by Wimal Modawansa Mon Oct 16, 2017 8:10 am

» Recommended buys in planation
by Wimal Modawansa Mon Oct 16, 2017 8:08 am

» BFN .. ORIENT FINANCE PLC
by worthiness Sun Oct 15, 2017 1:38 pm

» Plantation Sector Summary
by Wimal Modawansa Sun Oct 15, 2017 7:28 am

» BUY CFT with expect to cross share 10+
by sameboy Sat Oct 14, 2017 12:53 pm

» HATTON PLANTATIONS LTD
by gdid Fri Oct 13, 2017 5:32 pm

» WATA N00000
by gdid Fri Oct 13, 2017 5:29 pm

» MAL N and X
by Captain Fri Oct 13, 2017 12:05 pm

» Watch DFCC and NDB and guess which one is best
by Captain Fri Oct 13, 2017 11:54 am

» WHY WE SHOULD BUY CFVF...
by kjojo Fri Oct 13, 2017 11:42 am

» 4 new all-time record prices in Lanka Commodity Brokers Catalogue of 11 Oct. auction
by anjelo Fri Oct 13, 2017 8:58 am

» LIOC run Just started
by Ran49 Fri Oct 13, 2017 7:28 am

» LIOC is going to increase oil price
by SIRRA123 Thu Oct 12, 2017 9:06 pm

» See what these UNP criminals has done to our EPF and ETF, We have to burn these fellas
by Ryan Hudson Thu Oct 12, 2017 7:57 pm

» COCR COCR
by newone Thu Oct 12, 2017 5:41 pm

» Heavy rainng......But still VPEL & HPFL at very low price
by newone Thu Oct 12, 2017 5:35 pm

» TKYO - Capital Trust Recommends BUY
by Maxime Thu Oct 12, 2017 3:17 pm

» CEYLON TEA BROKERS PLC (CTBL.N0000)
by Namal Thu Oct 12, 2017 2:26 pm

» DOCK FUTURE hit 120 share
by kjojo Thu Oct 12, 2017 1:58 pm

» keey eye on DOCK
by kjojo Thu Oct 12, 2017 12:37 pm

» look MULL. Today Run
by TuTanKaman Thu Oct 12, 2017 12:25 pm

» MEL.N0000-ANY NEWS
by DHAVER88 Thu Oct 12, 2017 12:15 pm

» Aitken Spence - Prospects
by MasterD Thu Oct 12, 2017 10:41 am

» NDB Bank PLC
by MasterD Thu Oct 12, 2017 10:38 am

» UBC - Union bank a hidden GEM
by MarketWch Thu Oct 12, 2017 10:36 am

» Correct time to buy DFCC
by Harry82 Thu Oct 12, 2017 9:28 am

» NTB A RISING STAR
by samaritan Thu Oct 12, 2017 9:20 am

» Watch the followings
by Harry82 Thu Oct 12, 2017 9:03 am

» WHERE IS TELLER........market down.......ASI 5700...
by kjojo Thu Oct 12, 2017 9:01 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:17 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:16 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:13 am

» AGST can move
by Richman Thu Oct 12, 2017 7:28 am

» ACAP latest penny
by Richman Thu Oct 12, 2017 7:06 am

» Can the oil price remain as it is?
by predictor Thu Oct 12, 2017 6:52 am

» Market is falling continuously
by Yahapalanaya Thu Oct 12, 2017 5:27 am

» COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA
by Yahapalanaya Thu Oct 12, 2017 5:20 am

» LDEV Price
by sanjulanka Wed Oct 11, 2017 6:10 pm

» Stock Market Entertainment
by SL.Market Wed Oct 11, 2017 6:05 pm

» DOCK FUTURE
by kjojo Wed Oct 11, 2017 1:02 pm

» LLMP N0000
by kjojo Wed Oct 11, 2017 12:54 pm

» AINV.N is ready to run ?
by kjojo Wed Oct 11, 2017 10:46 am

» look LOFC- Ready to run
by max shanu Wed Oct 11, 2017 10:03 am

» LOLC towards ...150
by Harry82 Wed Oct 11, 2017 9:37 am

» Is it ok vone
by prasa2004 Wed Oct 11, 2017 8:53 am

» WILL SEYLAN WAKE UP TODAY TO JOIN BANKING RUN??
by prasa2004 Wed Oct 11, 2017 8:51 am

» How about LDEV
by sanjulanka Tue Oct 10, 2017 11:29 pm

» FC recommends a STRONG BUY on SAMP.N
by Harry82 Tue Oct 10, 2017 4:08 pm

» Watch LDEV..
by Beta1 Tue Oct 10, 2017 2:09 pm

» How About CHOU
by max shanu Tue Oct 10, 2017 11:30 am

» ACME and LCEM
by Tissa Tue Oct 10, 2017 10:31 am

» UDPL Lead the Plantation
by Ran49 Tue Oct 10, 2017 7:43 am

» Financial Instrument- Lease BG/SBLC
by leasingmandate Tue Oct 10, 2017 4:32 am

» ready to ACME blast
by gayanath1983 Mon Oct 09, 2017 3:06 pm

» ACME 9+ Coming soon
by rasikagamage Mon Oct 09, 2017 2:31 pm

» World bank confirms bribery involving Maithri –Australian Co. that gave it blacklisted
by samaritan Mon Oct 09, 2017 2:14 pm

» HEXP Start next run to 150
by Miss-Sangeetha Mon Oct 09, 2017 11:56 am

» Top Ten Tomorrow (TTT)
by Wimal Modawansa Mon Oct 09, 2017 10:28 am

» Although there is a huge buying pressure, why not AINV.N move ?
by Eugine Fernando Mon Oct 09, 2017 10:25 am

» Next ALUF Target Price 40
by kcrRanz Mon Oct 09, 2017 10:23 am

» Russiyawata Wada Loki irrisiyawa
by sanjulanka Mon Oct 09, 2017 9:30 am

» This weaek runners...
by Wimal Modawansa Mon Oct 09, 2017 8:24 am

» CFT share එක මොනව හරි දෙයක් වෙනව වාගෙ.
by sameboy Mon Oct 09, 2017 7:11 am

CB warns on illegal forex trading

View previous topic View next topic Go down

CB warns on illegal forex trading

Post by Redbulls on Wed May 30, 2012 5:01 pm

The Central Bank warned today against advertisements being made in the print and electronic media and Internet and, unsolicited e-mails being circulated, by some companies proprietary concerns and individuals exhorting the public to engage in foreign exchange trading with assurances of guaranteed high returns.

"Some companies and proprietary concerns have even engaged their employees or agents who would personally contact the members of the public to entice them to undertake forex trading with promises of exorbitant returns. These agents and the advertisements on the Internet and in the print and electronic media often exhort, people to trade in foreign exchange, depositing an initial investment in Sri Lanka rupees with a company, proprietorship concern or individual in Sri Lanka to be transferred later into an online account or, payment through credit, debit or any other electronic funds transfer card direct to an online account opened in the name of the investor," a statement from CBSL Exchange Control Department said.

It further noted the Central Bank in the recent past has come across instances where several persons have lost large sums of monies due to the above activities carried on by some unscrupulous individuals and companies.

"The Central Bank wishes to inform the general public that undertaking foreign exchange trading transactions and remitting payments outside Sri Lanka for such transactions by any person without the approval of the Central Bank is illegal and violation of the provisions of section 5(1) and 7(a) of the Exchange Control Act. This is considered as a punishable offence under the Exchange Control Act and we request general public not to fall prey to such transactions."
http://www.nation.lk/edition/breaking-news/item/6600-cb-warns-on-illegal-forex-trading.html
avatar
Redbulls
Director - Equity Analytics
Director - Equity Analytics

Posts : 6082
Equity Stars : 13709
Reputation : 770
Join date : 2012-02-14

Back to top Go down

Re: CB warns on illegal forex trading

Post by Flashmark on Tue Jun 05, 2012 11:57 am

This one of the worst descion CB made. CB should take legal actions against those fraudulent brokers and agents. Forex is not a gambling people can not earn money without proper knowledge.Even with proper knowledge some people get lost.CB should warn people about that.If forex is illegal, stock market trading is also illegal. People will lost because of stock trading too.Same theory apply to forex as well. compare to our stock market, forex market is much better.No manipulators there.

So anyone know what CB going to do for our forex accounts? How we get permission from them to continue forex trading?

Flashmark
Equity Analytic
Equity Analytic

Posts : 21
Equity Stars : 2244
Reputation : 0
Join date : 2011-10-06

Back to top Go down

Re: CB warns on illegal forex trading

Post by Flashmark on Fri Jun 08, 2012 11:58 am

any update?

Flashmark
Equity Analytic
Equity Analytic

Posts : 21
Equity Stars : 2244
Reputation : 0
Join date : 2011-10-06

Back to top Go down

Re: CB warns on illegal forex trading

Post by traderathome on Fri Jun 08, 2012 12:21 pm

Flashmark wrote:This one of the worst descion CB made. CB should take legal actions against those fraudulent brokers and agents. Forex is not a gambling people can not earn money without proper knowledge.Even with proper knowledge some people get lost.CB should warn people about that.If forex is illegal, stock market trading is also illegal. People will lost because of stock trading too.Same theory apply to forex as well. compare to our stock market, forex market is much better.No manipulators there.

So anyone know what CB going to do for our forex accounts? How we get permission from them to continue forex trading?
cb is scared of funds going out of our country. i think in india it is allowed. in srilanka only pyramid schemes are allowed and when got caught to the authorities they are scot free..... Crying or Very sad this is the srilanka way of doing things.... forex market of so huge so only big playas like central banks can and major banks with huge funds can manipulate to an extent.......if combined together.... Cool Rolling Eyes
avatar
traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2491
Equity Stars : 4806
Reputation : 133
Join date : 2012-02-26
Age : 43
Location : Abu Dhabi

Back to top Go down

Re: CB warns on illegal forex trading

Post by Flashmark on Fri Jun 08, 2012 2:32 pm


I called and asked from central bank foreign exchange division about this. Person who answered my call, said that forex trading is illegal and if you have money in account withdraw it immediately.Also they have no plan about giving permission to individuals and he said it is legal only for commercial banks. As per my knowledge none of the country totally ban forex trading for individuals other than Sri Lanka.

Flashmark
Equity Analytic
Equity Analytic

Posts : 21
Equity Stars : 2244
Reputation : 0
Join date : 2011-10-06

Back to top Go down

Re: CB warns on illegal forex trading

Post by traderathome on Fri Jun 08, 2012 2:36 pm

Flashmark wrote:
I called and asked from central bank foreign exchange division about this. Person who answered my call, said that forex trading is illegal and if you have money in account withdraw it immediately.Also they have no plan about giving permission to individuals and he said it is legal only for commercial banks. As per my knowledge none of the country totally ban forex trading for individuals other than Sri Lanka.
buggers are living stone age...... CB/SEC keeps quiet on insider dealing manipulators while the perpetrators are doing with impunity....and became billionares by speculating where tech/fund do not confluence..... and can not justify such huge moves to the upside in such short time Very Happy
avatar
traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2491
Equity Stars : 4806
Reputation : 133
Join date : 2012-02-26
Age : 43
Location : Abu Dhabi

Back to top Go down

Re: CB warns on illegal forex trading

Post by reez on Fri Jun 08, 2012 10:43 pm

can u remember, i published this issue. bt no one believe it

reez
Manager - Equity Analytics
Manager - Equity Analytics

Posts : 109
Equity Stars : 2406
Reputation : 6
Join date : 2011-09-18
Age : 31
Location : colombo

Back to top Go down

Re: CB warns on illegal forex trading

Post by traderathome on Sat Jun 09, 2012 6:05 pm

ape kale pinata upan cabba Mad
avatar
traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2491
Equity Stars : 4806
Reputation : 133
Join date : 2012-02-26
Age : 43
Location : Abu Dhabi

Back to top Go down

Re: CB warns on illegal forex trading

Post by Ashphoenix7 on Fri Oct 05, 2012 6:08 pm

I was also told by the BOC Treasury guys,when went(BOC Tower Echelon squre.) 3 days ago Forex is illegal since "foreign currency payments online is only for purchases NOT speculative trading"
The long and short of this is that average Sri Lankan still gets peanuts as FD interests from Banks & finance companies and actually are losing since inflation is higher !(...and did you notice the great new buildings of these finance co.s & banks cropping up in Col petty.Nawam Mv & other areas).
Ideally Fx schooling should be available in Sinhala & Tamil for people to have options !
My comments are made in the best interests and not for controversy in this great forum.
There IS RISK like in any investment in FX but needs very high discipline experience & "time invested"
.The courses now emphasize equally to preserve you deposit in Fx trading as much as how to profit.Its know as Money Management.The issue in Fx trading is you are directly trading money, accumulating or losing unlike for eg. investing in a Hardware Shop ,where your money will survive even in small quantities over a period, to cash in later after a bankruptcy.Money is more tangible.Cuts both ways-Cheers

Ashphoenix7
Stock Trader

Posts : 4
Equity Stars : 1844
Reputation : 0
Join date : 2012-10-05

Back to top Go down

Re: CB warns on illegal forex trading

Post by forex4srilanka on Tue Nov 29, 2016 9:08 am

අප හිතවත් පාරිභෝගිකයනි,Forex trading සඳහා ඔබ අප තෝරාගත යුත්තේ ඇයි?

එනම්,අප ආයතනය විසින්  ඔබගේ භාෂා පහසුව සඳහා සිංහළ භාෂා මාධ්යයෙන් පාරිභෝගික සේවා සහය අංශයක් පත්කර ඇත.ඔබ ගේ Forex ඟිණුම් ක්ෂණිකව Verify කර ගැනීමට,Fund Deposit හා Withdrawal සම්බන්ඳ තොරතුරැ ක්ෂණිකව ලබා ගැනීමට, අප ආයතනය විසින්  ඔබට ලබාදෙන Bonus ආදී ඔබගේ Forex ඟිණුම් හා සම්බන්ඳ ඕනෑම ගැටලුවකට හා උවමනාවකට අවශ්යය සියලූම පාරිභෝගික සේවා සහය ලබා ගතහැක.ඔවුන් අවුරැදු හතකට එහා සේවා පළපුරැදකින් හෙබි පිරිසකි,එම නිසා ඔවුන් ඔබට අවශ්යය මාර්ගෝපදේශක්වය ලබා දේ.

No Commissions,No Swaps or Roll overs,All strategies allowed:Hedging, Scalping, EA’s*,No Re-quotes,Inter-bank liquidity, tight spreads, fast and quality execution and exceptional customer service that's why we are special.
Call our Sri Lankan Support : +91 832 653 1001
                                        +91 832 653 0002


                             Skype : ugm.srilanka

                        visit us at : forex4srilanka.com
avatar
forex4srilanka
Equity Analytic
Equity Analytic

Posts : 20
Equity Stars : 380
Reputation : 0
Join date : 2016-11-03
Age : 28
Location : Bangalore

http://www.forex4srilanka.com

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum
Top posting users this week
kjojo
 
TARGET
 
kcrRanz
 
anjelo
 
Namal
 
sureshot
 
Wimal Modawansa
 
anges
 
Ran49
 
ranferdi
 

Statistics
We have 21134 registered users
The newest registered user is CHANAKA PRASAD

Our users have posted a total of 328734 messages in 50513 subjects
Who is online?
In total there are 169 users online :: 16 Registered, 0 Hidden and 153 Guests

cheetah, damithg, gayanath1983, gdid, kjojo, kovida, L.S.R, lakmal87, Namal, Ran49, ranaweera82, randikagap, ShaneMc, SIRRA123, soileconomy, TARGET

Most users ever online was 541 on Mon Sep 19, 2011 11:29 am
Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.