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Sri Lanka Equity Forum » Stock Market Talk » Why not SEC file action against Aviva NDB, CEO for white collar crimes

Why not SEC file action against Aviva NDB, CEO for white collar crimes

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Jeremy

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
This fellow had knowingly misled the general public. SEC should take action against these type of CEO's!!!!

PLESE READ BELOW TO SEE HOW HE IS LYING TO THE PUBLIC!!

http://www.ft.lk/wp-content/uploads/file/DFT-1-L.jpg

[img][/img]

smallville

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
This is dated back June 2, 2011.. Good u brought it up at the centre of attraction for AVIVA with the sell out to AIA.

But is he saying AVIVA exits?

malanp


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Has any investor suffered a loss , or have they gained after holding so long after relying on his statement???

CEOs have to tell the truth, but should wait till the right time, untill then denial is the best option.

this kind of statements by CEOs are normal, if they tell the truth at the wrong time to reporters, the impact on share prices will be adverse.


Jeremy

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@malanp wrote:Has any investor suffered a loss , or have they gained after holding so long after relying on his statement???

CEOs have to tell the truth, but should wait till the right time, untill then denial is the best option.

this kind of statements by CEOs are normal, if they tell the truth at the wrong time to reporters, the impact on share prices will be adverse.


This forum has disclosed the intended Aviva transaction in May 2012 way before CEO's denial. How come, general public have more information than the CEO? This is because speculation seems to be based on an official statement given by the chairman of AVIVA international UK which was public information.

You mean to say CEO of AVIVA NDB did not know about this??? He definitely knew about what was going on, but either he was asked to lie or lied for his benefit?? This is why SEC action is needed.

If you say it is acceptable for CEO's to lie, then they could lie about profit, dividends and many thing and mislead the public. Denial of information is inside dealing cause he is promoting insider dealing.

I am sure many investors would have lost opportunity to sell CTCE shares at a profit due to his lie/denial about the sale of Aviva NDB.

Best thing for him to have done is to avoid talking to the press. If he is telling the truth, it has to be the truth, the whole truth and nothing but the truth.

Half truth is a lie.... Denial is a bigger lie.

This should be an eye opener for SEC, who takes action against innocent trader for trivial share offenses.

smallville

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
malanp is correct imo.. CEOs cannot disclose every bit n byte they know abt the company.. And as you say GM, a CEO or any senior official should not really release these to press or talk openly abt these dealings prior to legalize.. So the best way to avoid those..

But I dont believe ppl didnt get the chance to sell CTCE above 400 due to the news.. But what I cant remember is whether there was any run earlier on exit roumers?

I think since it was disclosed very recently it gave a run and it created an exit route for most Wink
just my opinion..

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