The Dhaka Stock Exchange (DSE) has taken strong action to improve stock market discipline and good governance by revoke the Trading Right Entitlement Certificates (TREC), or trading licenses, of two brokerage houses, Mahid Securities Limited and Al Haramain Securities Limited, for regulatory infractions. According to the DSE, this ruling will go into effect right away on October 29, 2025.

Mahid Securities Limited’s (TREC No. 273) trading license has been revoked for breaking Rule 7(1) of the Bangladesh Securities and Exchange Commission (Trading Right Entitlement Certificate) Rules, 2020, according to exchange sources. The business did not obtain the required stock-dealer or stock-broker registration certificate from the Bangladesh Securities and Exchange Commission (BSEC), despite having a trading license.

In contrast, the case of Al Haramain Securities Limited (TREC No. 263) is more severe. Its trading license was revoked for committing a serious violation under Rule 3(2)(g). DSE’s dual action sends a strong message to all market intermediaries that no deviation from the rules will be tolerated.

Following the cancellation of the TRECs, DSE has issued urgent instructions to all concerned individuals and investors.
Anyone with claims related to Mahid Securities’ TREC must submit a written complaint with all necessary documents to DSE’s Chief Regulatory Officer by November 13, 2025.

Similarly, clients of Al Haramain Securities have been urged to review their accounts and promptly settle any outstanding transactions. Those with complaints regarding funds or securities are also requested to file a written complaint with supporting documents to DSE by November 13, 2025.