Bangladesh News

Sunday
Oct 22nd
Home arrow News arrow Business News arrow SEC to track market rumours
SEC to track market rumours PDF Print E-mail
Wednesday, 16 July 2008

The Securities and Exchange Commission is set to launch a drive to monitor and curb rumour-fuelled activities on the capital market, an official said Tuesday, reports bdnews24.com

The move comes as rumour-driven trading has dominated the market in recent times, Mansur Alam, member of the regulatory body, told reporters.
 
"We have officially started digging into the matter. The SEC will not spare anyone guilty of spreading rumours," he said.
 
The SEC member asked investors not to be "afraid" of the market's natural highs and lows.
 
He also asked investors to stay alert against rumours and verify them before making any decision. "We are asking investors to avoid decisions, influenced by rumours."
 
"Rumours will remain in the capital market but rumour-influenced activities have increased in recent times, which is a matter of concern."
 
According to securities laws, any person guilty of spreading rumours will have to face financial penalties of at least Tk 1 lakh.
 
The capital market regulator affirmed that the SEC would investigate any irregularities and would take stern actions.

Comments Add New
Write comment
Name:
Email:
  We don't publish your mail. See privacy policy.
Title:
Please input the anti-spam code that you can read in the image.
 
< Prev   Next >