BSEC logoAt the same time it warned that anybody using the logos of the BSEC, Dhaka Stock Exchange or Chittagong Stock Exchange to spread rumors would be punished under the Securities Act and Digital Security ActThe Bangladesh Securities and Exchange Commission (BSEC) on Wednesday warned that it would take strict action against share price rumours on social media platforms. At the same time it warned that anybody using the logos of the BSEC, Dhaka Stock Exchange or Chittagong Stock Exchange to spread rumors would be punished under the Securities Act and Digital Security Act. BSEC Chairman Prof Shibli Rubayat Ul Islam signed the notice to put a halt to rumours related to stocks prices. Officials at the BESC said they would take action under the Digital Security Act against those circulating fake news through social media platforms in order to influence the stock market. Recently, alongside spreading rumours about the stock market, several Facebook groups and pages have been posting price-sensitive information and predicting future prices of some stocks, in violation of security rules.

Source: Dhaka Tribune September 02, 2020 16:15 UTC