SEC to get tough on insider trading as new Bill widens scope
Those who eavesdrop to the chitchat among listed company directors and top officials at social gatherings and cocktails and trade at the Colombo bourse based on such information, could fall into trouble in future with the enactment of the new Securities and Exchange Commission (SEC) Bill.
The new Bill, which is at least a decade or more overdue, has provisions to catch anyone that trades on unpublished,