- BackstageTop contributor
- Posts : 3775
Join date : 2014-02-24
Activities of several brokering companies at the Colombo Stock Exchange have reportedly come under suspension.
On an inquiry by Ada Derana Biz, a stock Exchange spokesman confirmed that three brokering companies which had failed to fulfill the required capital adequacy have been suspended from buying any shares.
He further added that this relevant suspension occurs automatically within the trading system.
During such instances, even if a prospective buyer desires to buy shares and has adequate funds, he/she would not be able to buy the shares through these particular brokers. Instead, he/she has to seek the assistances of a brokering firm which has fulfilled the required capital adequacy.
- Ethical TraderTop contributor
- Posts : 5567
Join date : 2014-02-28