In August, the Bangladesh Securities and Exchange Commission (BSEC), which serves as the regulatory authority, issued warnings to 27 individuals and institutions for breaching multiple provisions of the Securities Act concerning the stock market. Among these, 22 individuals and 5 institutions received warnings through letters sent from the Enforcement Division of the BSEC.

The warned institutions include National Bank Limited, SK Trims and Industries Limited, along with three brokerage firms: Conmark Limited, City Bank Capital Resources Limited, and ETBL Securities and Exchange Limited.

A total of 8 directors have received warnings, including the chairman, vice chairman of the board of National Bank, the managing director (MD), and the company secretary, regarding their adherence to securities law.

Additionally, 4 directors have been cautioned, which includes the chairman of the board of SK Trims and Industries Limited, the managing director, the chief financial officer, and the company secretary.

Moreover, the Managing Director and Account In-Charge of Conmark Limited, along with Rezwan-ur-Rahman, the Managing Director of ETBL Securities and Exchange Limited, CEO Tawfiq Kamal Khan, and Branch Manager AK Mohin Uddin, have also been warned.

The BSEC has stated that safeguarding investor interests, fostering institutional development, and upholding discipline in the stock market are among the commission’s responsibilities. Consequently, the individuals and institutions involved have been warned for their non-compliance with securities laws and regulations.