The Colombo Stock Exchange (CSE) and the CFA Society Sri Lanka jointly held a special market opening ceremony recently in support of the “Putting Investors First Month” campaign, as a to call attention to the needs and rights of investors. The Putting Investors First Month is a month-long global initiative focused on promoting the needs and rights of investors.
A central focus of the campaign is the Statement of Investor Rights, which investment management professionals are encouraged to share with their clients and communities. The list applies to financial products and services such as investment management, research and advice, personal banking, even insurance and real estate, and is intended to help investors demand that financial professionals abide by these rights. The document includes rights that investors are entitled to expect such as objective advice, disclosure of conflicts of interest, and fair and reasonable fees.
Commenting on the initiative, Vajira Kulatilaka, the Chairman of CSE, “In the midst of the various growth initiatives we are pursuing at CSE, what remains unchanged is our focus on maintaining our market’s integrity and quality, which is in the best interest of our investors. We are fully aware that only operating an open, secure, fair, orderly and transparent marketplace will truly protect the rights and needs of our investors. I am also glad to see the bell ringing ceremony initiative extending its scope, to serve as a platform which also brings attention to issues and causes that are important to society.”
The CFA Society Sri Lanka is hosting a number of events supporting the campaign, including a retail investor seminar with local speakers and webinars to mark Sri Lanka’s participation in this global initiative. Throughout the month of May, many of CFA’s 147 member societies worldwide will host local events as part of the campaign. In addition, the organization will spotlight A Difference That Matters, a global advertising campaign, which features CFA charterholders from around the world and aims to build a better investment management profession by raising investors’ awareness of what makes CFA charterholders different.