Syed Zakir Hossain/Dhaka TribuneAccording to the Bangladesh Securities and Exchange Commission (BSEC), a total of 96 companies were fined and warned for non-compliance in the first eight months of this yearInvestor confidence is being hit by a rise in securities law violations by listed firms, brokerage houses and individuals, market experts have warned. This compares to 77 companies fined and warned by the securities regulator in the January to August period last year. “We believe that we will be able to identify the people involved in these crimes (securities law violations) and action will be taken against them,” he said. In August this year, the regulator also fined and warned eight companies for non-compliance with securities laws. The merchant banks and securities houses were: AIBL Capital, Dhanmondi Securities, PFI Securities, Rose Securities, Royal Green Securities, Salta Capital and Trustee Securities Limited.

Source: Dhaka Tribune September 18, 2018 16:52 UTC