Staff correspondent
The Securities and Exchange Commission has two companies and a brokerage house a total TK 36 lakh for their failure to observe of the regulations of securities of a fine.
According to news published on the website of the Dhaka stock exchange on Wednesday fined of the stock market regulator, Islamic finance and investment Ltd TK 10 lakh as the company failed, necessary document for share issue rights within the time, that of the Commission.
"SEC SEC approval has the TK-10.00 lakh only on Islamic finance and investment Ltd for the non-compliance with the condition No 4 letter to the company by the 20 July 2010 for the issuance of shares of the rights relating to the provision of rights shares offer document within the foreseen time, penalty", the announcement said.
The stock exchange regulatory authority fined pioneer Insurance Company Ltd. TK 1 lakh for the non-compliance with the SEC order relating to the dissemination of price-sensitive information within the time provided for.
The Commission on the day fine a DSE brokerage firm, Al-Arafah Islami Bank Limited, TK 25 lakh for not self-satisfaction of rules 1, 2 and 7 of the Securities and Exchange Commission (stock dealers, stock broker and authorized representatives) regulations, 2000, the with permission for broker certificate and operation.
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| Source: newagebd.com
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