SEC strengthens Investigations Division, takes on offenders By Duruthu Edirimuni Chandrasekera View(s): View(s):The new chairman of the Securities and Exchange Commission [SEC] has successfully faced the challenge of capacity building at the institution and actually taken on certain offenders. Ranel Wijesinha has managed to beef up the Investigations Division within six weeks of becoming the chairman. SEC in the past nearly four years has got a lot of flak for not completing or re-starting investigations – especially against the stock market mafia. “Many experienced chartered accountants and lawyers were mainly transferred out of divisions such as the Supervision Division and the Corporate Affairs Division into the Investigations Division,” Mr. Wijesinha explained. Until we fill this vacancy, the Director General is heading this position,” Mr. Wijesinha added.

Source: Sunday Times March 23, 2019 19:18 UTC