The Bangladesh Securities and Exchange Commission (BSEC) is committed to safeguarding the interests of investors in the stock market. The regulatory authority is implementing all necessary legal and administrative measures to recover funds for investors deceived by Moshiur Securities, a participant in the Dhaka Stock Exchange (DSE).

The brokerage firm has been accused of misappropriating investors’ funds and shares for years using various software and servers. The investigation has uncovered that the company misappropriated a total of Tk 161 crore, which includes Tk 685.8 crore in cash and Tk 923.5 crore in shares.

thirty-five affected investors convened with the chairman of the BSEC. They expressed their financial losses and hardships, demanding a prompt reimbursement of their funds. During the meeting, the BSEC chairman reassured the investors, stating, “The commission stands with you, and all necessary legal support will be provided to recover your money.”

BSEC spokesperson Md. Abul Kalam announced that a case has already been lodged with the ACC, and a travel restriction has been placed on the directors of Mashiur Securities. Concurrently, efforts are underway to compensate the victims through the Investor Protection Fund.

In May 2021, an investigation by the DSE uncovered a shortfall of Tk 75 crore concerning the consolidated customers of Mashiur Securities. A few months later, in August of the same year, this deficit escalated to Tk 685.8 crore. Furthermore, numerous investors have reported that they have not received their entitled dividends, bonus shares, and rights shares.

Upon gathering evidence of extensive irregularities, the BSEC established a five-member investigative committee. Following the investigation, all operations of the company were halted. The regulatory authority asserts that it is prepared to take action at any stage to ensure the recovery of investors’ funds.