The Securities and Exchange Commission (SEC) yesterday served notice on six brokers and two investors on charges of abnormal share transactions.
The brokerage houses are International Leasing Securities, Dhaka Bank Securities, National Bank Securities, Bank Asia Securities, Multi Securities and PFI Securities. The two investors are Mohammad Nur Islam and Abdul Alim.
“We are summoning them to a hearing on the allegations of unusual trade of Beach Hatchery shares,” said a SEC official. The hearing has been set for March 28.
The regulator on March 1 fined 12 brokers Tk 1 lakh each on charges of providing credit to their clients to buy junk or 'Z' category shares.
Those brokerage firms were Nouvelle Securities, Salam and Company, Azam Securities, Al-Mutaha Trading Company, Subvalley Securities, Wifang Securities, Securities Breaking and Management Service, Fakhrul Islam Securities, Alliance Securities, Sinha Securities, Island Securities and DSFM Securities.
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