Cse Credit Union

Former and New Chairmen of the Colombo Bourse are in a move to reduce ...

Thousands of Sri Lankan retail and foreign investors, who invest in Colombo Stock Exchange (CSE), are awaiting for Sri Lanka’s regulator to consider on revising certain regulatory measures that resulted in stock market crash.

But it is learned from industry sources that Former CSE Chairman Nihal Fonseka of DFCC bank and recently appointed CSE Chairman Krishan Balendra of John Keells Capital and Vajira Kulatilake, CEO of the NDB Bank's Capital Markets Cluster are in a move to reduce retailers participation in Colombo Stock Exchange by appealing to regulator not to revise rules on facilitating broker provided credit for retailers.

“They want to reduce the retail participation which is the major market force in the island nation’s only capital market by asking the regulator to not to revise rules,” said a top investment banking industry’s Chief Executive and a member of Colombo Stock Brokers association.

“Nihal Fonseka, Krishan Balendra and Vajira Kulatilake are in a move to approach the regulator before the commission meeting that would conclude the revision of rules related to broker provided credit,” he saidd.

Subsequently, 24 stock brokers among 28 functioning stock brokers in the country except John Keells group led John Keells Stock brokers (JKSB), Cargills group led CT Smith Stock Brokers and three non members of Colombo Stockbrokers Association including Murtaza Jafferjee led J.B. Securities, Claridge Stockbrokers and Somerville Stockbrokers had not agreed to facilitate broker provided credit to Sri Lankan retailers, who has been representing 44% of active contribution to the daily market turnover in the country, at a recently concluded meeting of the brokers.

“There is a last minute attempt by Fonseka, Krishan and Vajira to stop regulator revising the rule on broker provided credit. These few individuals believes in a Sri Lankan capital market where rich get richer and general public continue deposit their savings in banks where banks can make money through public funds,” another Chief Executive from a brokering house said.

CSE Insurance Group and S.F. Deputy Sheriffs' Foundation Give ...

WALNUT CREEK, CA–(Marketwire – Aug 26, 2011) – CSE Insurance Group , in partnership with the San Francisco Deputy Sheriffs’ Foundation , are hosting a 2011 Teachers Appreciation Event at the Colma, Calif., Target store this Saturday, Aug. 27, 2011, from 7 to 10 a.m.

One hundred well-deserving teachers selected from a vast pool of Northern California nominations are attending the event where they will receive a $200 gift card from Target. They will then shop with a deputy sheriff for classroom supplies at this special one-day shopping event at the Target store, located at 5001 Junipero Serra Blvd., Colma, CA 94014.

Teachers from across Northern California will converge at the Target store in Colma to attend the kick-off of the event. The brief welcome ceremony, at 7 a.m., will feature comments from Helen Fisicaro, the mayor of Colma; Matt Hall, vice president at CSE Insurance Group; and Shedrick McDaniels, vice president of the San Francisco Deputy Sheriffs’ Foundation. The teachers shopping spree will follow the welcome ceremony, with deputy sheriffs escorting teachers through the Target store to purchase school supplies. To keep the teachers energized, Eat le Truc of San Francisco will serve healthy breakfast bowls in back-to-school style on its converted school bus .

The San Francisco Deputy Sheriffs’ Foundation is providing buses from several central locations throughout the Bay Area so teachers who need transportation can attend the event.

Due to overwhelming response from Bay Area educators, the Colma Target store will also be giving away $20 gift cards to the first 100 teachers who show up on the day of the event. All teachers need to do is show either their teacher’s union card or school ID at the CSE booth (located outside the Target entrance on the morning of the event). The remaining teachers who attend will receive T-shirts and tote bags, provided by CSE Insurance Group (while supplies last).

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