The Bangladesh Securities and Exchange Commission (BSEC) has launched an investigation into brokerage firm Tasia Securities Limited to determine the reasons behind its net asset shortfall and whether the issue involves any irregularities in the management of customer funds and securities.

The regulator has formed a three-member investigation committee to examine the firm’s financial management, investment portfolio, customer accounts and related records. The committee has been instructed to submit its report within 60 working days, according to BSEC sources.

The investigation committee comprises BSEC Deputy Director Md. Emdadul Haque, Assistant Director Md. Mohammad Nuruzzaman and Dhaka Stock Exchange (DSE) Deputy Manager Md. Al Amin. The investigation order has been sent to the managing director of Tasia Securities.

The BSEC will investigate how the net asset shortfall occurred, whether customer funds or securities are linked to the shortfall, and whether any irregularities have taken place in the company’s financial management.

The investigation is being conducted under Section 21 of the Securities and Exchange Ordinance, 1969, Section 17A of the Bangladesh Securities and Exchange Commission Act, 1993, and Rule 7(4) of the BSEC (Trading Right Entitlement Certificate) Rules, 2020.

As part of the probe, the regulator has requested copies of the company’s licence, Trading Right Entitlement Certificate (TREC), stockbroker, stock-dealer and depository participant (DP) documents. It has also sought the firm’s audited financial statements for the last three years.

The BSEC has requested Tasia Securities’ investment portfolio as a dealer, comparative financial position statements for the past three years, and statements of profit or loss and other comprehensive income. To assess its corporate governance practices, the commission has also sought the company’s memorandum and articles of association and minutes of board meetings.

The regulator has placed particular emphasis on verifying customer funds and securities holdings. It has requested consolidated customer account (CCA) statements as of December 31, 2025, and July 31, 2026.

In addition, the company has been asked to submit customer-wise securities holdings data as of December 31, 2025, and August 20, 2026, in Excel and PDF formats generated from its back-office software.

The investigation will examine whether the brokerage firm has properly maintained separate accounts for its own assets and those belonging to customers, an important safeguard for protecting investors’ interests.

Under the relevant regulations, a brokerage firm’s net assets must be at least 75 per cent of its paid-up capital. Failure to meet the requirement may result in cancellation of its TREC under the applicable rules.

The actual reasons behind Tasia Securities’ net asset shortfall and whether any irregularities involving customer funds or securities have occurred will be determined through the investigation. No final conclusion can be drawn before the committee completes its inquiry and submits its report.