Merchant bank MDs can now invest in stocks | The Daily Star
12:00 AM, November 22, 2019 / LAST MODIFIED: 12:00 AM, November 22, 2019

Merchant bank MDs can now invest in stocks

The capital market watchdog has given the go-ahead to the managing directors and chief executive officers of all merchant banks to invest in any stock except on the companies where they have so far worked as issue managers.

The nod was given as per the amended Securities and Exchange Commission Rules (Merchant Banker and Portfolio Manager), 1996, which was approved yesterday.

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