Bangladesh Securities and Exchange Commission (BSEC) has fined more than 19.5 million taka to three individuals and three institutions related to the stock market due to deficit in integrated customer accounts, violation of securities laws.
It was decided to fine the institutions in the 932nd commission meeting held today Tuesday (November 19) under the chairmanship of BSEC chairman Khandaker Rashed Maqsood.
This information was informed in a press release signed by BSEC Executive Director and Spokesperson Rezaul Karim.
It is known that Mordan Securities, an intermediary brokerage firm in the capital market, was fined Tk. 1 lakh and Anwar Securities was fined Tk 5 lakh due to the deficit in the integrated customer account. Apart from this, Southeast Bank Capital Services Ltd. was fined 5 lakh taka due to violation of securities law in Bay Leasing and Investors share transaction.
At the same time, BSEC has decided to warn the company secretary, managing director and board of directors of Bay Leasing and Investors for not making provisions as per the rules of unaudited financial reporting of 2021.
Meanwhile, it was decided to fine Alamgir Kabir Tk. 12 crore, Tushar LK Mia Tk. 2.5 crore and Professor Suraiya Begum Tk. 5 crore for breaking the law in selling shares.
