Tuesday, March 1

SEC strategy to regain investors' confidence taken

FE Report (March 01, 2011)

The securities regulator has drawn up a four point strategy to regain the confidence of all kinds of investors in the share market.

The Securities and Exchange Commission (SEC) Monday said the investors would face no obstacle nor close scrutiny in case of normal trading.

SEC spokesman Mohammad Saifur Rahman said the move has been taken with a positive view of restoring investors' confidence.

"The investors will face no obstacle and close scrutiny for normal trading from the government, regulator and the probe bodies," Saifur Rahman said at a press briefing.

Saifur Rahman said the regulator drew the attention of merchant banks for not executing forced-selling for the sake of small investors.

He said the government has ordered ICB and state-owned commercial banks to buy shares in accordance with their abilities.

"ICB and state-owned commercial banks are active to support the market," he said.

SEC spokesman also requested the investors not to pay heed to any kind of rumours for the interest of their investment.

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