The Bangladesh Securities and Exchange Commission has found that 57 stock stockbrokers and stock dealers invested Tk聽399.50 crore outside the stock market.
In a directive issued on July 18, the stock market regulatory body asked the Dhaka Stock Exchange to ensure that the funds used by the stockbrokers and dealers are brought back and used in their core business by October 31.
The BSEC mentioned that these stockbrokers and dealers invested in various non-listed companies, provided loans to their sister concerns, invested in real estate and in FDRs instead of investing in their core business related to the stock market.
According to securities rules, stockbrokers and dealers are not allowed to invest outside their core business.
The 57 stockbrokers and dealers are AB Ispahani Securities Limited, ACE Capital Management Services, Rashid Investment Services, Daulatunnesa Equities, Rapid Securities, M-Securities, Aries Securities, First Capital Securities, Multi Securities and Services, Royal Green Securities, Latif Securities, Uniroyal Securities, Md Fakhrul Islam Securities,聽 Salta Capital, Dayton Holdings, Island Securities, Ettihad Securities, Surma Securities Holding, Nouvelle Securities, CMSL Securities, Nabiul Karim Securities, ANF Management, Dragon Securities, Sheltech Brokerage, Rose Securities, RNI Securities, Moshihor Securities, Kazi Equities, Al-Haja Jahanara Securities, Midway Securities, KHB Securities, Cosmopolitan Equities, Fortune Securities, Shakil Rizvi Stock, EMES Securities, Peace Securities, Trustee Securities, Mona Financial Consultancy and Securities, Subvalley Securites, Doreen Capital Management, GMF Securities, Globe Securities, Anwer Khan Modern Securities, Stock and Bond, Total Communication, Prilink Securities, Oshadhi Securities, AD Holdings and Securities, Mika Securities, Akij Capital Management, Dhaka Securities, Prudential Capital, Be Rich, Rahman Equity Management, Benemoy Securities, Innova Securities and Gibson Securities.
