BSEC warns 13 brokerage firms over non-compliance
The information was disclosed on the website of the DSE on Tuesday
The Bangladesh Securities and Exchange Commission (BSEC) has warned 13 brokerage firms over their non-compliance with securities laws and regulations.
The information was disclosed on the website of the Dhaka Stock Exchange (DSE) on Tuesday.
According to the DSE information, the 13 brokerage firms are: UniCap Securities, Tamha Securities, DLIC Securities, BD Finance Securities, Rupali Bank Securities, AHC Securities, BRAC EPL Stock Brokerage, ANF Management Company, Gateway Equity Resources, Meghna Life Securities and Investment, Eminent Securities, NRBC Bank Securities, and Bank Asia Securities Limited.
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Recently, the regulator issued a warning letter to these Trading Right Entitlement Certificate (Trec) holders.
The main duty of the Trec holders is to facilitate stock transactions between buyers and sellers.
A letter issued by the BSEC said compliance of all securities related laws in future, in connection with default and contravention, must be ensured.
However, it did not mention which laws or regulations these Trec holders did not comply with.
