Home ›› 19 Aug 2021 ›› Stock
Stock market regulator Bangladesh Securities and Exchange Commission has suspended the registration certificate of the brokerage house of Chittagong Stock Exchange’s Firstlead Securities Limited due to non-payment of fines and customer dues.
Besides, the commission asked the CSE, to inform it within the next 15 days about the steps to be taken by the bourse regarding the brokerage house.
The decision was taken at the 787th meeting of the commission on Wednesday with BSEC Chairman Professor Shibli Rubayat Ul Islam in the chair.
On August 20 last year, the BSEC fined the company Tk 2 lakh for violating the securities laws.
It is known that after the inspection by BSEC, a report in November 2017 found that FirstLead Securities Company has violated Rule 8(1) of Securities and Exchange Rules, 1987 by not preparing and storing accounts and
other documents for consideration of business authenticity and up-to-date status.
At the commission meeting, the BSEC directed the Dhaka Stock Exchange to pay Tk 3.20 lakh to Tariqul Hakim Khan a customer of Vision Capital Management, within the next 90 days.
