Sri Lanka bourse suspends Richard Pieris Securities over rule violations

Sri Lanka
By Editor_1
-File

COLOMBO – The Colombo Stock Exchange (CSE) said it will be suspending Richard Pieris Securities from carrying out all trading activities with effect from Friday (14) until further notice.

Richard Pieris Securities, a trading member of the CSE, “has failed to comply with provisions relating to Key Management Persons set out in the Trading Participant Rules of the CSE,” the bourse said.

Clients of the company who wish to transfer their securities portfolio/s to any other Trading Participant/Custodian Bank were asked to contact representatives of Richard Pieris Securities.

The CSE said it will provide further information regarding any change to the suspension of all trading activities of Richard Pieris Securities in the future.

-EN

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