Stockbrokers launch code of ethics, website

04 Apr 2013 - {{hitsCtrl.values.hits}}

The Colombo Stockbrokers Association (CSBA) recently launched a code of ethics and website to promote best practices and standards among its membership.

The launch of ‘Principles of Best Practice’ and the CSBA website was conducted under the aegis of Securities and Exchange Commission Chairman Dr Nalaka Godahewa and Colombo Stock Exchange Chairman Krishan Balendra.

“Following the introduction of these Principles of Best Practice, we intend to promote professional standards among our members. This will in turn enhance investor confidence prompting the industry to undoubtedly enjoy the benefits of a vibrant market place,” CSBA President Dimuthu Abeysekera said.

The CSBA has a membership of 23, despite the Sri Lankan capital market having 28 broking houses. Several stockbrokers quit the association amid disagreements with the majority, at a time when the market regulator was taking stern actions against alleged market misconduct.

Stock

Stockbrokers launch code of ethics, website

Most Popular Articles

SLCERT warns WhatsApp users against sharing OTPs to prevent hacking

EU Ambassador meets new BOI Chief to discuss economic ties

LATES'T NEWS

Sri Lanka ranks 95 along with Iran and South Sudan in Passport Index

Search of his residence: Sujeewa to file legal action

Woman hacked to death at private hospital in Trincomalee

Thai woman nabbed at BIA with ’ice’ worth Rs. 100 million

Bangladesh steps up repayments to Adani to avoid power supply cut