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Bangladesh Securities and Exchange Commission (BSEC) has lifted the suspension of 15 traders or authorized representatives from nine stock brokerage firms.
BSEC executive director and spokesperson Mohammad Rezaul Karim confirmed the development to The Business Post on Wednesday.
On April 18 this year, the stock market regulator suspended 15 traders or authorized representatives from nine stock brokerage firms for violating its code of conduct while trading in the shares of some companies.
The traders were guilty of flouting the BSEC code of conduct while dealing in the shares of some companies.
The suspended traders from nine brokerage houses took refuge in the sale of shares in violation of the securities rules after the start of trading, sources said. The traders ordered the sale of large sums of shares without quoting any price or ‘market price’ or ‘zero price’ order.
The suspended traders are five traders from ICB Securities, two from Rashid Investment Services, two from Shyamol Equity Management, and one trader each from Parkway Securities, Quayum Securities, Mercantile Bank Securities, TA Khan Securities, JKC Securities, and Kazi Equities Limited.
