SEC issues statement on investigations

The Securities and Exchange Commission of Sri Lanka (SEC) in a statement said yesterday that it was concerned about certain daily and weekly newspaper articles which appeared recently, giving an impression that a number of companies are under investigation by the SEC.

“The SEC wishes to categorically mention that there are no ongoing or pending investigations at present in respect of any of the companies disclosed in the above mentioned articles. It should also be mentioned that any investigation conducted by the SEC pertaining to trades executed by any investor in the secondary market should not be construed as an investigation against the establishment whose securities are involved in such investigation," SEC said.

"This will result in creating an adverse impression and impact on such companies and their stakeholders,” the SEC statement added.